Eni SpA (NYSE:E) Receives Average Rating of "Hold" from Brokerages

Shares of Eni SpA (NYSE:E - Get Free Report) have earned a consensus rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $31.60.

Several analysts have issued reports on E shares. Kepler Capital Markets lowered ENI from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Citigroup reaffirmed a "neutral" rating on shares of ENI in a report on Friday, July 11th. Finally, Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd.

ENI Stock Performance

Shares of E traded up $0.26 on Friday, reaching $33.22. 242,227 shares of the company's stock traded hands, compared to its average volume of 318,507. The stock's 50 day simple moving average is $31.17 and its two-hundred day simple moving average is $29.58. The stock has a market cap of $56.08 billion, a PE ratio of 19.89 and a beta of 0.90. ENI has a 52-week low of $24.65 and a 52-week high of $33.56. The company has a current ratio of 1.16, a quick ratio of 1.00 and a debt-to-equity ratio of 0.35.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in E. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ENI by 7.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company's stock worth $201,000 after buying an additional 484 shares during the last quarter. Corient Private Wealth LLC grew its position in ENI by 1.0% in the fourth quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock worth $1,347,000 after acquiring an additional 488 shares in the last quarter. AQR Capital Management LLC increased its stake in ENI by 3.4% in the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock valued at $472,000 after acquiring an additional 495 shares during the last quarter. Gallacher Capital Management LLC raised its position in ENI by 3.0% during the second quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company's stock valued at $581,000 after purchasing an additional 522 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of ENI by 2.1% during the 4th quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock valued at $717,000 after buying an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

About ENI

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.