Eni SpA (NYSE:E) has received a consensus recommendation of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $37.12.
Several equities research analysts have commented on the stock. ValuEngine cut shares of ENI from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. Zacks Investment Research raised shares of ENI from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, October 16th. Bank of America raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Friday, October 5th. Berenberg Bank began coverage on shares of ENI in a report on Tuesday, September 11th. They issued a “hold” rating on the stock. Finally, Barclays cut shares of ENI from an “equal weight” rating to an “underweight” rating in a report on Tuesday, September 11th.
NYSE E traded up $0.31 on Friday, reaching $31.75. The company had a trading volume of 762,200 shares, compared to its average volume of 232,690. The firm has a market cap of $58.91 billion, a PE ratio of 21.23, a PEG ratio of 0.52 and a beta of 0.77. The company has a current ratio of 1.40, a quick ratio of 1.24 and a debt-to-equity ratio of 0.39. ENI has a 1-year low of $31.18 and a 1-year high of $40.15.
ENI (NYSE:E) last announced its earnings results on Wednesday, November 7th. The oil and gas exploration company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.23. The firm had revenue of $23.14 billion during the quarter. ENI had a net margin of 7.47% and a return on equity of 8.38%. Equities research analysts forecast that ENI will post 3.15 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley raised its holdings in ENI by 4.0% in the 3rd quarter. Morgan Stanley now owns 3,586,315 shares of the oil and gas exploration company’s stock valued at $135,061,000 after acquiring an additional 137,037 shares during the period. Northern Trust Corp raised its holdings in ENI by 5.3% in the 2nd quarter. Northern Trust Corp now owns 1,489,247 shares of the oil and gas exploration company’s stock valued at $55,281,000 after acquiring an additional 74,504 shares during the period. Aperio Group LLC raised its holdings in ENI by 16.3% in the 3rd quarter. Aperio Group LLC now owns 603,370 shares of the oil and gas exploration company’s stock valued at $22,723,000 after acquiring an additional 84,665 shares during the period. Todd Asset Management LLC raised its holdings in ENI by 219.2% in the 3rd quarter. Todd Asset Management LLC now owns 587,059 shares of the oil and gas exploration company’s stock valued at $22,108,000 after acquiring an additional 403,149 shares during the period. Finally, Wedge Capital Management L L P NC raised its holdings in ENI by 17.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 494,719 shares of the oil and gas exploration company’s stock valued at $18,364,000 after acquiring an additional 73,931 shares during the period. 1.73% of the stock is currently owned by hedge funds and other institutional investors.
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 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.
Recommended Story: How to use beta for portfolio diversification
Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.