JPMorgan Chase & Co. Raises ENI (NYSE:E) Price Target to €20.00

ENI (NYSE:EGet Rating) had its price target increased by JPMorgan Chase & Co. from €18.50 ($19.89) to €20.00 ($21.51) in a research note issued on Wednesday, The Fly reports.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley cut ENI from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 23rd. started coverage on ENI in a research note on Thursday, March 31st. They set a “strong-buy” rating on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on ENI from €14.70 ($15.81) to €14.90 ($16.02) and gave the stock a “buy” rating in a report on Wednesday, March 23rd. HSBC raised ENI from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Finally, AlphaValue raised ENI to a “reduce” rating in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from, the company has an average rating of “Buy” and a consensus price target of $36.48.

Shares of NYSE E traded up $0.12 during mid-day trading on Wednesday, reaching $30.85. 1,614 shares of the company’s stock were exchanged, compared to its average volume of 587,852. The firm has a market capitalization of $55.62 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 0.48 and a beta of 0.93. ENI has a 52 week low of $21.91 and a 52 week high of $32.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.19. The firm has a 50-day moving average price of $29.80 and a two-hundred day moving average price of $28.96.

ENI (NYSE:EGet Rating) last released its earnings results on Friday, February 18th. The oil and gas exploration company reported $1.33 EPS for the quarter, topping 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 11.25% 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.

Institutional investors and hedge funds have recently modified their holdings of the company. Altium Wealth Management LLC boosted its position in shares of ENI by 10.3% during the 4th quarter. Altium Wealth Management LLC now owns 24,637 shares of the oil and gas exploration company’s stock valued at $681,000 after acquiring an additional 2,308 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of ENI during the 3rd quarter valued at about $251,000. Advisor Partners LLC lifted its position in ENI by 6.0% in the 4th quarter. Advisor Partners LLC now owns 12,916 shares of the oil and gas exploration company’s stock worth $358,000 after buying an additional 729 shares during the last quarter. Van ECK Associates Corp bought a new stake in ENI in the 4th quarter worth approximately $525,000. Finally, Qube Research & Technologies Ltd bought a new stake in ENI in the 4th quarter worth approximately $2,713,000. Hedge funds and other institutional investors own 1.20% of the company’s stock.

About ENI (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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