Eni SpA (NYSE:E) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Eni SpA has received an average recommendation of "Hold" from eight brokerages, with seven analysts rating it as hold and one as buy, reflecting cautious optimism among investors.
• The company's average target price is $31.60, with the stock currently trading at $34.44, showing potential for short-term fluctuations.
• ENI reported $0.79 EPS for its last quarter, exceeding expectations, although its revenue of $22.08 billion fell short of analyst estimates.

Shares of Eni SpA (NYSE:E - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $31.60.

E has been the topic of several analyst reports. Kepler Capital Markets cut ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday, July 11th. Finally, Redburn Atlantic cut shares of ENI from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 23rd.

ENI Stock Performance

Shares of ENI stock traded up $0.10 on Thursday, reaching $34.55. 174,960 shares of the company were exchanged, compared to its average volume of 310,520. The firm has a market cap of $58.31 billion, a price-to-earnings ratio of 21.32 and a beta of 0.95. ENI has a 1-year low of $24.65 and a 1-year high of $34.95. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18. The company's 50-day moving average is $32.67 and its two-hundred day moving average is $30.25.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The firm had revenue of $22.08 billion during the quarter, compared to analyst estimates of $23.54 billion. As a group, research analysts expect that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently modified their holdings of the business. NewSquare Capital LLC grew its stake in ENI by 179.3% in the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company's stock valued at $30,000 after purchasing an additional 588 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of ENI by 100.0% during the 1st 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 buying an additional 601 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of ENI by 100.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company's stock valued at $49,000 after buying an additional 750 shares in the last quarter. Brooklyn Investment Group acquired a new position in ENI in the first quarter worth approximately $54,000. Finally, SVB Wealth LLC bought a new position in ENI during the first quarter valued at approximately $78,000. Institutional investors and hedge funds 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.