Eni SpA (NYSE:E) Receives Consensus Recommendation of "Hold" from Analysts

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.

Eni SpA (NYSE:E - Get Free Report) has been given a consensus recommendation of "Hold" by the eight analysts that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $31.60.

E has been the topic of a number of recent analyst reports. Kepler Capital Markets lowered ENI from a "strong-buy" rating to a "hold" rating in a research report 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. NewSquare Capital LLC grew its position in shares of 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 boosted its stake in ENI by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock worth $37,000 after buying an additional 601 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in 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 stake in shares of ENI in the 1st quarter worth $54,000. Finally, SVB Wealth LLC purchased a new position in shares of ENI during the 1st quarter worth $78,000. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Price Performance

Shares of ENI stock traded up $0.10 during trading hours on Thursday, reaching $34.55. The stock had a trading volume of 174,960 shares, compared to its average volume of 246,321. ENI has a twelve month low of $24.65 and a twelve month high of $34.95. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $58.31 billion, a PE ratio of 21.32 and a beta of 0.95. The stock's 50 day moving average is $32.77 and its 200 day moving average is $30.31.

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

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.