Other analysts have also recently issued reports about the company. Berenberg Bank cut ENI from a buy rating to a hold rating in a research note on Monday, September 16th. JPMorgan Chase & Co. began coverage on ENI in a research report on Monday, September 16th. They set an underweight rating for the company. Kepler Capital Markets reiterated a buy rating on shares of ENI in a report on Monday, September 16th. Finally, Credit Suisse Group lowered ENI from an outperform rating to a neutral rating and set a $18.00 price objective on the stock. in a research report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $20.67.
E traded up $0.21 on Tuesday, hitting $30.33. 10,350 shares of the company were exchanged, compared to its average volume of 212,470. The firm has a fifty day simple moving average of $30.85 and a two-hundred day simple moving average of $31.03. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.16 and a current ratio of 1.30. ENI has a 12 month low of $28.54 and a 12 month high of $36.34. The stock has a market capitalization of $55.35 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 7.07 and a beta of 0.77.
ENI (NYSE:E) last announced its quarterly earnings data on Friday, October 25th. The oil and gas exploration company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.03). The company had revenue of $18.86 billion during the quarter. ENI had a net margin of 3.40% and a return on equity of 7.24%. On average, equities analysts expect that ENI will post 2.13 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in E. Mackenzie Financial Corp lifted its position in ENI by 52.9% during the second quarter. Mackenzie Financial Corp now owns 1,876,665 shares of the oil and gas exploration company’s stock valued at $61,986,000 after buying an additional 649,100 shares during the period. Fisher Asset Management LLC lifted its position in ENI by 39.7% during the 2nd quarter. Fisher Asset Management LLC now owns 1,490,039 shares of the oil and gas exploration company’s stock valued at $49,216,000 after acquiring an additional 423,522 shares during the period. Morgan Stanley boosted its stake in ENI by 7.2% during the second quarter. Morgan Stanley now owns 3,890,823 shares of the oil and gas exploration company’s stock worth $128,514,000 after acquiring an additional 259,838 shares in the last quarter. Royal Bank of Canada boosted its stake in ENI by 18.5% during the second quarter. Royal Bank of Canada now owns 896,905 shares of the oil and gas exploration company’s stock worth $29,625,000 after acquiring an additional 140,044 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in ENI by 49.6% in the second quarter. Jane Street Group LLC now owns 199,838 shares of the oil and gas exploration company’s stock worth $6,638,000 after purchasing an additional 66,298 shares during the period. 1.57% of the stock is owned by institutional investors.
ENI Company Profile
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.
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