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

Key Points

• Eni SpA has received a consensus rating of "Hold" from eight brokerages, with seven recommending a hold and one a buy.
• The company's average target price among analysts is set at $34.60, with shares currently trading at $35.50.
• Eni recently announced a quarterly dividend of $0.5814 per share, yielding 6.6% annually, with the payout ratio at 98.77%.

Eni SpA (NYSE:E - Get Free Report) has earned a consensus rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $34.60.

A number of research firms have recently commented on E. Citigroup reissued a "neutral" rating on shares of ENI in a report on Friday, July 11th. Morgan Stanley set a $34.60 target price on shares of ENI in a report on Wednesday, September 3rd. Zacks Research cut shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 27th. Finally, Royal Bank Of Canada cut shares of ENI from an "outperform" rating to a "sector perform" rating in a report on Tuesday, September 2nd.

ENI Trading Up 0.0%

Shares of ENI stock opened at $35.50 on Friday. The company has a market capitalization of $59.92 billion, a price-to-earnings ratio of 21.91 and a beta of 0.96. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. ENI has a 12-month low of $24.65 and a 12-month high of $35.94. The firm's 50-day moving average price is $34.81 and its two-hundred day moving average price is $31.78.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $22.08 billion for the quarter, compared to the consensus estimate of $23.54 billion. ENI had a net margin of 2.84% and a return on equity of 8.53%. On average, analysts forecast that ENI will post 3.74 earnings per share for the current fiscal year.

ENI Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Tuesday, November 25th will be issued a $0.5814 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 6.6%. ENI's dividend payout ratio is 98.77%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewSquare Capital LLC raised its holdings in ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company's stock valued at $30,000 after buying an additional 588 shares during the last quarter. MAI Capital Management raised its holdings in ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company's stock valued at $36,000 after buying an additional 1,070 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in ENI by 100.0% in 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 raised 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 during the last quarter. Finally, Brooklyn Investment Group bought a new position in ENI in the 1st quarter valued at approximately $54,000. Institutional investors 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.

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