Analysts Set Eni SpA (NYSE:E) Price Target at $34.60

Eni SpA (NYSE:E) has earned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $34.60.

E has been the subject of several research reports. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 27th. Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. HSBC lowered ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th.

ENI Stock Performance

E stock opened at $37.58 on Friday. ENI has a twelve month low of $24.65 and a twelve month high of $38.47. The firm has a market cap of $63.43 billion, a price-to-earnings ratio of 20.53 and a beta of 0.87. The business’s fifty day simple moving average is $35.90 and its two-hundred day simple moving average is $33.78. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $23.46 billion during the quarter, compared to analyst estimates of $19.88 billion. ENI had a net margin of 3.20% and a return on equity of 8.58%. Analysts predict that ENI will post 3.74 earnings per share for the current year.

ENI Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 25th will be issued a $0.5814 dividend. This represents a $2.33 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Tuesday, November 25th. ENI’s payout ratio is presently 87.43%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NewSquare Capital LLC lifted its position in shares of ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 588 shares during the period. MAI Capital Management raised its stake in ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 1,070 shares in the last quarter. Advisory Services Network LLC bought a new position in ENI in the third quarter worth approximately $47,000. Larson Financial Group LLC lifted its holdings in ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in ENI by 100.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after acquiring an additional 750 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.