Eni SpA (NYSE:E) Receives $42.30 Average Price Target from Brokerages

Shares of Eni SpA (NYSE:E) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $42.30.

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a report on Friday, April 17th. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Dbs Bank upgraded shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings lowered shares of ENI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, July 17th.

ENI Stock Performance

NYSE E opened at $52.52 on Thursday. The business’s 50 day moving average price is $50.79 and its 200-day moving average price is $49.13. ENI has a fifty-two week low of $33.74 and a fifty-two week high of $58.00. The company has a market cap of $88.65 billion, a P/E ratio of 30.18, a P/E/G ratio of 0.28 and a beta of 0.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16.

ENI (NYSE:E) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. The company had revenue of $23.22 billion during the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. Sell-side analysts predict that ENI will post 5.06 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in ENI by 52.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock valued at $2,424,000 after acquiring an additional 24,006 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in ENI in the fourth quarter worth $923,000. Newbridge Financial Services Group Inc. increased its stake in ENI by 408.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company’s stock worth $1,011,000 after purchasing an additional 21,400 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of ENI by 8.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock worth $22,357,000 after purchasing an additional 44,588 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of ENI during the fourth quarter worth $337,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.