ENI S.p.A. (E) Receives Average Rating of “Hold” from Analysts

ENI S.p.A. (NYSE:E) has earned an average rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $16.00.

Several equities research analysts have issued reports on the company. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of ENI S.p.A. in a report on Monday, October 2nd. BidaskClub upgraded ENI S.p.A. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Credit Suisse Group downgraded ENI S.p.A. from an “outperform” rating to a “neutral” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded ENI S.p.A. from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Citigroup Inc reiterated a “buy” rating on shares of ENI S.p.A. in a report on Wednesday, August 30th.

A number of hedge funds have recently made changes to their positions in the business. Logan Capital Management Inc. boosted its position in ENI S.p.A. by 1.3% during the 2nd quarter. Logan Capital Management Inc. now owns 27,236 shares of the oil and gas exploration company’s stock worth $819,000 after acquiring an additional 351 shares during the period. KCG Holdings Inc. boosted its position in ENI S.p.A. by 5.4% during the 1st quarter. KCG Holdings Inc. now owns 9,759 shares of the oil and gas exploration company’s stock worth $319,000 after acquiring an additional 502 shares during the period. Gofen & Glossberg LLC IL boosted its position in ENI S.p.A. by 3.8% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 14,950 shares of the oil and gas exploration company’s stock worth $449,000 after acquiring an additional 550 shares during the period. Eagle Asset Management Inc. boosted its position in ENI S.p.A. by 11.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 10,090 shares of the oil and gas exploration company’s stock worth $303,000 after acquiring an additional 996 shares during the period. Finally, Sei Investments Co. boosted its position in ENI S.p.A. by 35.5% during the 1st quarter. Sei Investments Co. now owns 4,249 shares of the oil and gas exploration company’s stock worth $139,000 after acquiring an additional 1,114 shares during the period. Institutional investors own 1.66% of the company’s stock.

ENI S.p.A. (NYSE:E) traded down 0.15% during mid-day trading on Thursday, hitting $32.62. 130,474 shares of the company were exchanged. ENI S.p.A. has a 12 month low of $26.15 and a 12 month high of $34.62. The stock has a market cap of $59.38 billion, a price-to-earnings ratio of 64.72 and a beta of 0.77. The firm has a 50 day moving average price of $32.75 and a 200 day moving average price of $31.75.

ENI S.p.A. (NYSE:E) last posted its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.18. ENI S.p.A. had a return on equity of 2.23% and a net margin of 1.14%. The company had revenue of $17.20 billion for the quarter. Analysts anticipate that ENI S.p.A. will post $2.29 EPS for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, October 6th. Shareholders of record on Tuesday, September 19th were given a dividend of $0.676 per share. The ex-dividend date was Monday, September 18th. This represents a yield of 5.86%. ENI S.p.A.’s dividend payout ratio (DPR) is presently 319.52%.

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About ENI S.p.A.

Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.

Analyst Recommendations for ENI S.p.A. (NYSE:E)

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