Eni SpA (NYSE:E) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Eni SpA (NYSE:E) have received an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $42.30.

Several equities analysts have issued reports on the stock. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Wall Street Zen cut ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Finally, Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th.

Hedge Funds Weigh In On ENI

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after purchasing an additional 1,420 shares during the last quarter. AQR Capital Management LLC increased its stake in ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after buying an additional 495 shares during the period. Cetera Investment Advisers increased its stake in ENI by 8.4% in the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock valued at $364,000 after buying an additional 870 shares during the period. JPMorgan Chase & Co. raised its position in ENI by 60.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after buying an additional 17,133 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in ENI by 60.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after buying an additional 5,831 shares during the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Stock Up 2.6%

E stock opened at $46.77 on Friday. The stock has a market cap of $78.95 billion, a P/E ratio of 26.88, a PEG ratio of 0.24 and a beta of 0.40. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. ENI has a twelve month low of $32.33 and a twelve month high of $58.00. The company’s 50 day moving average is $52.62 and its two-hundred day moving average is $47.91.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The business had revenue of $23.22 billion during the quarter. Research analysts expect that ENI will post 5.63 earnings per share for the current fiscal year.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.