Eni SpA (NYSE:E) Stock Has Consensus Target Price of $58.45 According to Brokerages

Key Points

• Analyst consensus is “Moderate Buy” for Eni, with nine buy ratings, nine holds, and one strong buy. The average 12-month price target is $58.45, below the stock’s reported $60.72 opening price.
• Eni reported quarterly EPS of $2.13, beating the $1.87 consensus estimate, while revenue of $29.49 billion exceeded expectations of $25.89 billion.
• The company raised its quarterly dividend to $0.6335 per share, equivalent to an annualized $2.53 dividend and a 4.2% yield.

Shares of Eni SpA (NYSE:E - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the nineteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $58.45.

E has been the subject of a number of research reports. Grupo Santander raised ENI to an "outperform" rating in a research report on Wednesday, July 8th. Zacks Research cut ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 13th. Barclays reissued an "overweight" rating on shares of ENI in a research report on Monday, October 5th. Jefferies Financial Group restated a "buy" rating on shares of ENI in a report on Sunday, September 13th. Finally, Santander downgraded shares of ENI to a "neutral" rating in a research note on Monday.

Institutional Trading of ENI

Several institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its position in shares of ENI by 1.7% during the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company's stock valued at $680,000 after acquiring an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of ENI by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company's stock worth $419,000 after acquiring an additional 210 shares during the last quarter. Checchi Capital Advisers LLC grew its holdings in shares of ENI by 2.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company's stock worth $627,000 after acquiring an additional 213 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of ENI by 1.2% during the first quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company's stock worth $1,209,000 after purchasing an additional 254 shares during the period. Finally, Trek Financial LLC raised its position in shares of ENI by 5.9% during the third quarter. Trek Financial LLC now owns 5,860 shares of the oil and gas exploration company's stock worth $318,000 after purchasing an additional 324 shares during the period. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

NYSE E opened at $60.72 on Friday. The business has a 50 day moving average price of $56.13 and a 200 day moving average price of $51.76. The company has a market capitalization of $102.49 billion, a P/E ratio of 10.45, a PEG ratio of 0.19 and a beta of 0.44. ENI has a 1-year low of $36.13 and a 1-year high of $62.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.05.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.26. The firm had revenue of $29.49 billion during the quarter, compared to the consensus estimate of $25.89 billion. ENI had a return on equity of 13.84% and a net margin of 8.78%. Sell-side analysts expect that ENI will post 6.65 EPS for the current fiscal year.

ENI Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 7th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.6335 per share. The ex-dividend date of this dividend is Tuesday, November 24th. This is a positive change from ENI's previous quarterly dividend of $0.6276. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.2%. ENI's dividend payout ratio is presently 28.92%.

ENI Company Profile

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.

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