Eni S.p.A. (NYSE:E) Receives $31.60 Average Price Target from Brokerages

Shares of Eni S.p.A. (NYSE:E - Get Free Report) have been given a consensus recommendation of "Hold" by the ten analysts that are currently covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $31.60.

Several brokerages have recently commented on E. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 20th. Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Citigroup reissued a "neutral" rating on shares of ENI in a research note on Friday, April 25th. Finally, Wall Street Zen downgraded shares of ENI from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th.

ENI Stock Performance

ENI stock traded up $0.47 during midday trading on Friday, hitting $29.57. The company's stock had a trading volume of 216,940 shares, compared to its average volume of 309,288. The company has a 50-day moving average price of $28.89 and a two-hundred day moving average price of $28.65. The company has a market cap of $49.91 billion, a price-to-earnings ratio of 17.71, a PEG ratio of 1.86 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a 1-year low of $24.65 and a 1-year high of $33.12.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.01. ENI had a net margin of 2.76% and a return on equity of 11.03%. The firm had revenue of $25.61 billion for the quarter, compared to analyst estimates of $25.52 billion. As a group, sell-side analysts predict that ENI will post 3.74 earnings per share for the current year.

ENI Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, June 9th. Shareholders of record on Tuesday, May 20th will be paid a $0.5391 dividend. This represents a yield of 5.5%. This is a positive change from ENI's previous -- dividend of $0.35. The ex-dividend date of this dividend is Tuesday, May 20th. ENI's dividend payout ratio (DPR) is 89.82%.

Hedge Funds Weigh In On ENI

Institutional investors have recently modified their holdings of the business. Golden State Wealth Management LLC lifted its position in ENI by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 601 shares during the last quarter. Brooklyn Investment Group acquired a new position in ENI during the first quarter worth about $54,000. Allworth Financial LP grew its position in shares of ENI by 30.5% in the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock valued at $70,000 after purchasing an additional 581 shares during the last quarter. SVB Wealth LLC purchased a new position in shares of ENI during the first quarter valued at approximately $78,000. Finally, R Squared Ltd acquired a new stake in ENI during the fourth quarter worth about $103,000. Institutional investors and hedge funds own 1.18% of the company's stock.

ENI Company Profile

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.