Eni SpA (NYSE:E) Stock Has Average Price Target of $60.77

Key Points

• Analyst consensus is “Moderate Buy” for Eni, with six buys, two strong buys and five holds among 13 analysts. The average 12-month price target is $60.77, compared with a stock price of $54.63.
• Eni reported quarterly EPS of $1.76, beating estimates of $1.66, although revenue of $25.87 billion fell short of the $27.93 billion consensus forecast.
• The company reduced its quarterly dividend from $0.6313 to $0.6276 per share, equivalent to an annualized $2.51 dividend and a 4.6% yield.

Shares of Eni SpA (NYSE:E - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the thirteen research firms that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $60.77.

Several equities analysts have recently weighed in on E shares. Erste Group Bank downgraded ENI from a "buy" rating to a "hold" rating in a report on Thursday, June 25th. UBS Group set a $90.00 price target on shares of ENI in a research note on Friday, September 25th. Barclays reissued an "overweight" rating on shares of ENI in a research report on Monday. HSBC reaffirmed a "hold" rating on shares of ENI in a report on Friday, September 25th. Finally, Weiss Ratings downgraded shares of ENI from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 18th.

ENI Stock Performance

ENI stock opened at $54.63 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $92.21 billion, a P/E ratio of 13.97, a PEG ratio of 0.22 and a beta of 0.44. The stock's 50 day moving average is $54.76 and its 200 day moving average is $53.37. ENI has a twelve month low of $34.03 and a twelve month high of $58.00.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%.The business had revenue of $25.87 billion during the quarter, compared to analysts' expectations of $27.93 billion. On average, equities research analysts predict that ENI will post 6.29 earnings per share for the current fiscal year.

ENI Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 22nd will be issued a $0.6276 dividend. This represents a $2.51 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 22nd. This is a decrease from ENI's previous quarterly dividend of $0.6313. ENI's dividend payout ratio (DPR) is presently 42.97%.

Institutional Trading of ENI

Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of ENI by 111.2% in the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company's stock worth $31,000 after purchasing an additional 347 shares during the last quarter. Manchester Capital Management LLC increased its holdings in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company's stock worth $46,000 after buying an additional 437 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in ENI in the 1st quarter worth about $85,000. EWA LLC purchased a new position in ENI in the 1st quarter worth about $202,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in ENI during the 1st quarter valued at about $203,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.

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