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

Eni S.p.A. (NYSE:EGet Rating) has been assigned a consensus rating of “Buy” from the nineteen ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $31.23.

A number of brokerages have weighed in on E. AlphaValue upgraded shares of ENI to a “reduce” rating in a research report on Wednesday, March 2nd. HSBC raised shares of ENI from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Morgan Stanley increased their price target on shares of ENI from €15.30 ($16.28) to €15.40 ($16.38) and gave the stock an “equal weight” rating in a report on Wednesday, May 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of ENI from €14.70 ($15.64) to €14.90 ($15.85) and gave the stock a “buy” rating in a report on Wednesday, March 23rd. Finally, StockNews.com started coverage on shares of ENI in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

Several hedge funds have recently bought and sold shares of E. Rockefeller Capital Management L.P. raised its stake in shares of ENI by 157.0% during 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 acquiring an additional 562 shares in the last quarter. Standard Family Office LLC bought a new position in shares of ENI in the fourth quarter worth approximately $27,000. Financial Management Professionals Inc. bought a new position in shares of ENI in the first quarter worth approximately $28,000. Fieldpoint Private Securities LLC grew its holdings 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. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings 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. 1.23% of the stock is currently owned by hedge funds and other institutional investors.

E opened at $30.51 on Friday. The firm has a market cap of $55.00 billion, a P/E ratio of 5.47, a PEG ratio of 0.43 and a beta of 0.90. The firm has a 50-day moving average of $29.24 and a 200 day moving average of $29.06. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.11 and a current ratio of 1.23. ENI has a fifty-two week low of $21.91 and a fifty-two week high of $32.56.

ENI (NYSE:EGet Rating) last issued its earnings results on Friday, April 29th. The oil and gas exploration company reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.48. The firm had revenue of $33.79 billion during the quarter. ENI had a net margin of 9.44% and a return on equity of 17.57%. Equities research analysts predict that ENI will post 6.68 earnings per share for the current fiscal year.

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, June 8th. Shareholders of record on Tuesday, May 24th will be paid a dividend of $0.9356 per share. The ex-dividend date of this dividend is Monday, May 23rd. This is an increase from ENI’s previous semi-annual dividend of $0.72. This represents a dividend yield of 3.8%. ENI’s dividend payout ratio (DPR) is 23.30%.

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; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

Featured Articles

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.