Eni SpA (NYSE:E) Receives Average Rating of “Moderate Buy” from Brokerages

Eni SpA (NYSE:E) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $42.30.

E has been the topic of several recent analyst reports. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Zacks Research raised shares of ENI from a “strong sell” rating to a “hold” rating in a research note on Monday, August 10th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. DV Equities LLC purchased a new stake in shares of ENI in the 4th quarter worth $35,000. Manchester Capital Management LLC increased its stake in shares of ENI by 56.8% during the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after buying an additional 437 shares during the period. Advisory Services Network LLC bought a new stake in shares of ENI in the third quarter valued at about $47,000. Larson Financial Group LLC raised its holdings in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after acquiring an additional 378 shares in the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in ENI in the third quarter worth about $48,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Performance

Shares of ENI stock opened at $55.16 on Monday. The stock’s fifty day moving average is $50.77 and its two-hundred day moving average is $50.85. The company has a market capitalization of $93.10 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. ENI has a 52 week low of $34.03 and a 52 week high of $58.00.

ENI (NYSE:E) last released its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, analysts expect that ENI will post 5.76 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.