Eni SpA (NYSE:E) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• ENI received a “Moderate Buy” consensus rating from 13 brokerages, with seven buys, five holds and one strong buy. The average 12-month price target is $42.30.
• ENI reported quarterly earnings of $1.76 per share, exceeding analysts’ $1.66 estimate, while revenue of $25.87 billion fell short of the $27.93 billion consensus forecast.
• Shares opened at $55.16, near their 52-week high of $58.00, and institutional investors own a relatively small 1.18% stake in the company.

Eni SpA (NYSE:E - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $42.30.

E has been the subject of a number of analyst reports. Wall Street Zen upgraded ENI from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded ENI from a "hold (c)" rating to a "buy (b-)" rating in a research note on Monday, August 3rd. Zacks Research raised shares of ENI from a "strong sell" rating to a "hold" rating in a report on Monday, August 10th. Erste Group Bank cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Thursday, June 25th. Finally, Dbs Bank raised shares of ENI from a "hold" rating to a "moderate buy" rating in a report on Tuesday, April 28th.

ENI Trading Down 0.2%

Shares of E stock opened at $55.16 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market cap of $93.10 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.25 and a beta of 0.39. ENI has a 1 year low of $34.03 and a 1 year high of $58.00. The firm has a fifty day moving average price of $50.77 and a 200-day moving average price of $50.85.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping analysts' consensus estimates of $1.66 by $0.10. The company had revenue of $25.87 billion for the quarter, compared to analysts' expectations of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, equities analysts predict that ENI will post 5.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its stake 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 worth $680,000 after purchasing an additional 204 shares during the period. EverSource Wealth Advisors LLC raised its position in 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 purchasing an additional 210 shares during the period. Checchi Capital Advisers LLC raised its position in 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 purchasing an additional 213 shares during the period. Gallacher Capital Management LLC lifted its stake in ENI by 1.2% in 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 last quarter. Finally, MGO One Seven LLC boosted its position in shares of ENI by 2.3% during the fourth quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company's stock valued at $451,000 after buying an additional 263 shares during the period. Institutional investors own 1.18% of the company's stock.

About ENI

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.

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