Eni S.p.A. (NYSE:E) Receives $39.60 Consensus Price Target from Analysts

Eni S.p.A. (NYSE:E) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.60.

Several brokerages recently weighed in on E. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price for the company in a report on Thursday, August 29th. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th.

Institutional Trading of ENI

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its stake in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of ENI by 138.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after acquiring an additional 3,218 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI in the 3rd quarter worth $212,000. Townsquare Capital LLC acquired a new stake in shares of ENI in the 3rd quarter worth $231,000. Finally, Aaron Wealth Advisors LLC acquired a new stake in shares of ENI in the 3rd quarter worth $239,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of E stock opened at $28.07 on Friday. The firm’s 50 day moving average price is $30.27 and its 200-day moving average price is $30.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a one year low of $27.79 and a one year high of $34.30. The firm has a market cap of $47.38 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.23 and a beta of 0.95.

ENI Company Profile

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.