Eni S.p.A. (NYSE:E) Receives $39.60 Average PT from Analysts

Eni S.p.A. (NYSE:E) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $39.60.

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th.

Institutional Investors Weigh In On ENI

Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new stake in ENI in the first quarter worth $74,000. GAMMA Investing LLC grew its stake in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares during the period. Toronto Dominion Bank bought a new stake in ENI in the 1st quarter valued at about $172,000. Pitcairn Co. acquired a new position in ENI during the 1st quarter worth approximately $218,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in ENI in the third quarter worth approximately $212,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

NYSE E opened at $30.55 on Tuesday. The firm has a 50-day moving average of $31.06 and a 200-day moving average of $31.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $51.57 billion, a PE ratio of 18.28, a P/E/G ratio of 1.29 and a beta of 0.95. ENI has a 52-week low of $28.82 and a 52-week high of $34.30.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.