Eni SpA (NYSE:E) Given Consensus Recommendation of “Hold” by Analysts

Shares of Eni SpA (NYSE:E) have earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $22.00.

Several research firms recently weighed in on E. Citigroup cut ENI from a “buy” rating to a “neutral” rating in a report on Tuesday, May 7th. Zacks Investment Research raised ENI from a “strong sell” rating to a “hold” rating and set a $27.00 price objective for the company in a report on Thursday, July 18th. Finally, Santander raised ENI from a “hold” rating to a “buy” rating in a report on Monday, June 17th.

NYSE:E traded down $0.24 during mid-day trading on Wednesday, hitting $29.82. 22,111 shares of the stock were exchanged, compared to its average volume of 172,440. The stock has a market cap of $53.68 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 3.83 and a beta of 0.71. The stock’s 50-day moving average price is $32.26. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17. ENI has a fifty-two week low of $29.75 and a fifty-two week high of $39.16.

ENI (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.29). The firm had revenue of $21.16 billion for the quarter. ENI had a return on equity of 8.42% and a net margin of 4.59%. As a group, equities analysts anticipate that ENI will post 2.31 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of E. Regentatlantic Capital LLC grew its position in ENI by 2.7% during the 1st quarter. Regentatlantic Capital LLC now owns 11,762 shares of the oil and gas exploration company’s stock worth $414,000 after acquiring an additional 313 shares during the last quarter. Private Capital Group LLC grew its position in ENI by 111.1% during the 1st quarter. Private Capital Group LLC now owns 4,085 shares of the oil and gas exploration company’s stock worth $144,000 after acquiring an additional 2,150 shares during the last quarter. Brinker Capital Inc. grew its position in ENI by 1.1% during the 1st quarter. Brinker Capital Inc. now owns 40,969 shares of the oil and gas exploration company’s stock worth $1,444,000 after acquiring an additional 429 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in ENI during the 1st quarter worth $588,000. Finally, Covenant Multifamily Offices LLC bought a new stake in ENI during the 1st quarter worth $63,000. Institutional investors own 1.67% of the company’s stock.

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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Analyst Recommendations for ENI (NYSE:E)

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