Eni S.p.A. (NYSE:E) Receives $39.60 Consensus Price Target from Brokerages

Eni S.p.A. (NYSE:E) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.60.

E has been the subject of several recent research reports. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research report on Thursday, August 29th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its stake in ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares during the period. Marshall Wace LLP purchased a new stake in shares of ENI in the 2nd quarter worth about $6,875,000. FMR LLC increased its stake in shares of ENI by 33.5% in the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after acquiring an additional 146,431 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in ENI during the 2nd quarter valued at about $3,764,000. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in ENI during the 2nd quarter valued at about $3,141,000. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Performance

Shares of E opened at $28.16 on Friday. ENI has a 1 year low of $27.79 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock’s fifty day moving average price is $30.07 and its two-hundred day moving average price is $30.76. The firm has a market cap of $47.53 billion, a PE ratio of 16.86, a PEG ratio of 1.23 and a beta of 0.93.

ENI Company Profile

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.