Eni SpA (NYSE:E) Receives $21.50 Consensus PT from Analysts

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Shares of Eni SpA (NYSE:E) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $22.00.

A number of research firms recently commented on E. Zacks Investment Research lowered Hallmark Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday. Santander upgraded ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. ValuEngine upgraded XPO Logistics from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Citigroup reiterated an “average” rating on shares of Stoneridge in a research report on Tuesday, May 7th.

A number of institutional investors have recently modified their holdings of E. Jane Street Group LLC acquired a new stake in ENI during the 4th quarter worth $10,638,000. Todd Asset Management LLC raised its stake in shares of ENI by 19.7% in the 1st quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock valued at $25,696,000 after purchasing an additional 119,956 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of ENI in the 1st quarter valued at about $3,205,000. OLD Mission Capital LLC acquired a new stake in shares of ENI in the 4th quarter valued at about $2,719,000. Finally, Renaissance Group LLC raised its stake in shares of ENI by 24.1% in the 1st quarter. Renaissance Group LLC now owns 442,157 shares of the oil and gas exploration company’s stock valued at $15,582,000 after purchasing an additional 85,869 shares during the period. 1.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of E traded down $0.27 during mid-day trading on Friday, reaching $32.02. The company had a trading volume of 124,709 shares, compared to its average volume of 178,668. ENI has a twelve month low of $29.75 and a twelve month high of $39.16. The company has a quick ratio of 1.17, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average price is $32.17. The stock has a market cap of $58.67 billion, a P/E ratio of 10.67, a P/E/G ratio of 3.65 and a beta of 0.74.

ENI (NYSE:E) last issued its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.12). ENI had a return on equity of 8.88% and a net margin of 5.65%. The company had revenue of $21.35 billion during the quarter. On average, equities analysts predict that ENI will post 2.48 earnings per share for the current fiscal year.

About ENI

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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