Eni S.p.A. (NYSE:E) Receives Average Recommendation of “Hold” from Brokerages

Eni S.p.A. (NYSE:E) has received an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $39.60.

E has been the topic of a number of recent research reports. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, StockNews.com lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th.

Hedge Funds Weigh In On ENI

Several large investors have recently bought and sold shares of E. Carnegie Investment Counsel acquired a new position in shares of ENI during the 3rd quarter valued at $253,000. Atomi Financial Group Inc. boosted its position in shares of ENI by 19.1% during the 3rd quarter. Atomi Financial Group Inc. now owns 9,708 shares of the oil and gas exploration company’s stock valued at $294,000 after purchasing an additional 1,557 shares in the last quarter. GAMMA Investing LLC boosted its holdings in ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after buying an additional 633 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of ENI in the 2nd quarter worth $369,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in ENI during the 2nd quarter worth about $3,141,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of ENI stock opened at $31.25 on Friday. The firm has a market cap of $52.75 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96. ENI has a 1 year low of $28.82 and a 1 year high of $34.30. The firm’s 50-day simple moving average is $31.50 and its 200-day simple moving average is $31.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E) last issued its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Equities analysts forecast that ENI will post 4.18 earnings per share for the current fiscal year.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.