Eni SpA (NYSE:E) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Eni SpA (NYSE:E) have been assigned a consensus rating of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $34.60.

A number of analysts recently issued reports on E shares. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Thursday. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. JPMorgan Chase & Co. cut shares of ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Finally, HSBC lowered ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th.

Institutional Investors Weigh In On ENI

A number of large investors have recently added to or reduced their stakes in E. Natixis Advisors LLC lifted its holdings in ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after buying an additional 192,646 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of ENI by 5.4% during the second quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock worth $22,784,000 after buying an additional 35,772 shares in the last quarter. American Century Companies Inc. grew its position in shares of ENI by 33.2% during the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of ENI by 6.3% in the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock worth $18,909,000 after buying an additional 32,107 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in ENI by 44.9% during the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after acquiring an additional 62,834 shares during the last quarter. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Price Performance

ENI stock opened at $37.14 on Friday. ENI has a 1 year low of $24.65 and a 1 year high of $39.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The firm has a 50 day moving average price of $37.48 and a 200 day moving average price of $35.56. The company has a market cap of $62.03 billion, a price-to-earnings ratio of 20.29 and a beta of 0.61.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.53%. The company had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. Sell-side analysts predict that ENI will post 3.74 earnings per share for the current year.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.