Eni SpA (E) Receives $26.50 Consensus Price Target from Analysts

Shares of Eni SpA (NYSE:E) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $26.50.

Several research firms recently commented on E. Zacks Investment Research upgraded ENI from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Thursday, December 28th. Goldman Sachs Group restated a “buy” rating on shares of ENI in a research report on Monday, December 11th. Finally, upgraded ENI from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th.

Several institutional investors and hedge funds have recently bought and sold shares of E. Sei Investments Co. boosted its holdings in shares of ENI by 26.3% in the 2nd quarter. Sei Investments Co. now owns 5,368 shares of the oil and gas exploration company’s stock worth $161,000 after purchasing an additional 1,119 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of ENI in the 2nd quarter worth about $415,000. Pacer Advisors Inc. bought a new stake in shares of ENI in the 2nd quarter valued at about $320,000. Pacad Investment Ltd. bought a new stake in shares of ENI in the 2nd quarter valued at about $189,000. Finally, Eagle Asset Management Inc. lifted its stake in shares of ENI by 11.0% in the 2nd quarter. Eagle Asset Management Inc. now owns 10,090 shares of the oil and gas exploration company’s stock valued at $303,000 after acquiring an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 1.64% of the company’s stock.

Shares of ENI (NYSE:E) traded up $0.82 during midday trading on Tuesday, hitting $36.03. The stock had a trading volume of 999,806 shares, compared to its average volume of 314,433. The stock has a market capitalization of $65,730.00, a PE ratio of 32.46 and a beta of 0.84. ENI has a one year low of $29.44 and a one year high of $36.05. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.10 and a current ratio of 1.27.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, October 27th. The oil and gas exploration company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.07). ENI had a net margin of 2.50% and a return on equity of 3.69%. The company had revenue of $18.42 billion during the quarter. analysts predict that ENI will post 1.34 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Eni SpA (E) Receives $26.50 Consensus Price Target from Analysts” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://stocknewstimes.com/2018/01/19/eni-spa-e-receives-26-50-consensus-price-target-from-analysts.html.

ENI Company Profile

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 (NYSE:E)

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.

Latest News

Leave a Reply