Eni S.p.A. (NYSE:E) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Eni S.p.A. (NYSE:EGet Rating) have earned a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $39.78.

Several brokerages recently commented on E. Sanford C. Bernstein raised ENI from an “underperform” rating to a “market perform” rating in a research note on Tuesday, January 4th. JPMorgan Chase & Co. started coverage on ENI in a research note on Thursday, February 17th. They issued an “overweight” rating on the stock. HSBC raised ENI from a “hold” rating to a “buy” rating in a research note on Monday, March 21st. Morgan Stanley downgraded ENI from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 23rd. Finally, AlphaValue raised ENI to a “reduce” rating in a research note on Wednesday, March 2nd.

Shares of E stock traded up $1.01 during trading hours on Friday, reaching $30.93. The company had a trading volume of 6,915 shares, compared to its average volume of 596,992. The company has a 50 day moving average of $29.76 and a 200 day moving average of $28.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.33 and a quick ratio of 1.19. The firm has a market cap of $55.76 billion, a price-to-earnings ratio of 7.87, a P/E/G ratio of 0.47 and a beta of 0.93. ENI has a 1-year low of $21.91 and a 1-year high of $32.56.

ENI (NYSE:EGet Rating) last posted its quarterly earnings results on Friday, February 18th. The oil and gas exploration company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.03. The company had revenue of $30.97 billion for the quarter. ENI had a return on equity of 11.23% and a net margin of 7.81%. As a group, sell-side analysts forecast that ENI will post 6.26 EPS for the current fiscal year.

The company also recently disclosed a semi-annual dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Tuesday, May 24th will be given a dividend of $0.9356 per share. This is an increase from ENI’s previous semi-annual dividend of $0.72. This represents a yield of 3.8%. The ex-dividend date is Monday, May 23rd. ENI’s payout ratio is currently 36.22%.

Several hedge funds and other institutional investors have recently bought and sold shares of E. Rockefeller Capital Management L.P. grew its stake in shares of ENI by 157.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 920 shares of the oil and gas exploration company’s stock worth $25,000 after purchasing an additional 562 shares during the last quarter. Standard Family Office LLC bought a new stake in shares of ENI in the fourth quarter worth $27,000. Fieldpoint Private Securities LLC grew its stake in shares of ENI by 94.7% in the fourth quarter. Fieldpoint Private Securities LLC now owns 1,100 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 535 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of ENI by 59.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 1,303 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 488 shares during the last quarter. Finally, Lindbrook Capital LLC grew its stake in shares of ENI by 18.9% in the fourth quarter. Lindbrook Capital LLC now owns 2,508 shares of the oil and gas exploration company’s stock worth $69,000 after purchasing an additional 398 shares during the last quarter. 1.20% of the stock is currently owned by hedge funds and other institutional investors.

ENI Company Profile (Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments.

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