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

Shares of Eni S.p.A. (NYSE:E) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and three have given a 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 $31.60.

E has been the topic of several research reports. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday. UBS Group lowered shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in shares of ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after purchasing an additional 26,646 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after acquiring an additional 35,730 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in shares of ENI during the 2nd quarter valued at about $3,079,000. Stifel Financial Corp grew its stake in shares of ENI by 248.5% in the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after acquiring an additional 26,013 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of ENI by 24,141.0% in the third quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock worth $287,000 after acquiring an additional 9,415 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Stock Performance

ENI stock opened at $28.96 on Friday. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The stock’s 50 day simple moving average is $28.07 and its two-hundred day simple moving average is $30.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 1.90 and a beta of 0.93.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.