Brokerages Set Eni SpA (NYSE:E) Price Target at $31.60

Eni SpA (NYSE:E) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.60.

A number of equities analysts recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of ENI in a research note on Friday. Kepler Capital Markets cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 20th. Finally, Redburn Atlantic cut shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd.

Institutional Investors Weigh In On ENI

Hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC boosted its position in ENI by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company’s stock worth $37,000 after purchasing an additional 601 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of ENI during the 1st quarter valued at approximately $54,000. SVB Wealth LLC purchased a new position in shares of ENI during the 1st quarter valued at approximately $78,000. GAMMA Investing LLC lifted its position in shares of ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company’s stock valued at $104,000 after buying an additional 1,467 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of ENI by 45.4% during the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company’s stock valued at $106,000 after buying an additional 1,063 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Trading Down 0.5%

Shares of ENI stock opened at $32.93 on Friday. ENI has a 12-month low of $24.65 and a 12-month high of $33.56. The company has a market cap of $55.58 billion, a price-to-earnings ratio of 19.72 and a beta of 0.90. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $31.17 and its 200-day moving average price is $29.58.

ENI (NYSE:E) last announced its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.85% and a return on equity of 9.16%. The firm had revenue of $25.61 billion during the quarter, compared to analyst estimates of $25.52 billion. On average, equities analysts expect that ENI will post 3.74 earnings per share for the current fiscal year.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.