ENI (NYSE:E) Shares Gap Up – Should You Buy?

Eni SpA (NYSE:E) gapped up prior to trading on Thursday. The stock had previously closed at $53.96, but opened at $55.72. ENI shares last traded at $55.6090, with a volume of 47,031 shares changing hands.

Wall Street Analyst Weigh In

E has been the topic of a number of recent analyst reports. Grupo Santander upgraded shares of ENI to an “outperform” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of ENI in a research note on Tuesday, September 8th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Sunday, September 13th. BNP Paribas Exane lowered shares of ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price objective on the stock. in a research note on Wednesday. Finally, Barclays restated an “overweight” rating on shares of ENI in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.45.

ENI Trading Up 0.6%

The business has a 50 day moving average of $54.86 and a two-hundred day moving average of $53.40. The company has a current ratio of 1.23, a quick ratio of 1.05 and a debt-to-equity ratio of 0.42. The firm has a market cap of $94.49 billion, a P/E ratio of 14.32, a PEG ratio of 0.22 and a beta of 0.44.

ENI (NYSE:E) last released its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The firm had revenue of $25.87 billion during the quarter, compared to analysts’ expectations of $27.93 billion. Analysts predict that Eni SpA will post 6.41 earnings per share for the current year.

ENI Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be paid a dividend of $0.6335 per share. The ex-dividend date is Tuesday, November 24th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.5%. This is a boost from ENI’s previous quarterly dividend of $0.6276. ENI’s dividend payout ratio is 42.97%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in shares of ENI by 9.7% during the third quarter. GAMMA Investing LLC now owns 10,495 shares of the oil and gas exploration company’s stock worth $570,000 after acquiring an additional 932 shares during the period. CoreCap Advisors LLC increased its stake in shares of ENI by 8,235.3% during the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company’s stock worth $77,000 after purchasing an additional 1,400 shares during the period. Plan A Wealth LLC lifted its holdings in ENI by 33.1% during the 3rd quarter. Plan A Wealth LLC now owns 5,992 shares of the oil and gas exploration company’s stock worth $325,000 after purchasing an additional 1,491 shares during the last quarter. QRG Capital Management Inc. boosted its stake in ENI by 8.4% in the 2nd quarter. QRG Capital Management Inc. now owns 144,171 shares of the oil and gas exploration company’s stock valued at $6,756,000 after purchasing an additional 11,136 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in ENI by 83.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 8,321 shares of the oil and gas exploration company’s stock valued at $390,000 after purchasing an additional 3,797 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.