ENI (NYSE:E) had its price objective lifted by equities research analysts at JPMorgan Chase & Co. from €18.00 ($20.45) to €19.00 ($21.59) in a research report issued to clients and investors on Friday, The Fly reports.
Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of ENI in a research note on Tuesday, November 2nd. Zacks Investment Research cut ENI from a "strong-buy" rating to a "hold" rating and set a $28.00 price target on the stock. in a research report on Wednesday, December 1st. Berenberg Bank upgraded ENI from a "hold" rating to a "buy" rating in a research report on Wednesday, December 1st. UBS Group reiterated a "buy" rating on shares of ENI in a research report on Monday, November 15th. Finally, Barclays upgraded ENI from an "underweight" rating to an "overweight" rating in a research report on Friday, November 19th. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $40.60.
E traded up $0.70 during mid-day trading on Friday, reaching $30.34. 24,561 shares of the stock were exchanged, compared to its average volume of 358,654. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.23. The stock has a market capitalization of $54.70 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. The company has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $26.30. ENI has a 1 year low of $19.76 and a 1 year high of $30.00.
ENI (NYSE:E) last posted its quarterly earnings data on Friday, October 29th. The oil and gas exploration company reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.21. The firm had revenue of $22.70 billion for the quarter. ENI had a net margin of 2.53% and a return on equity of 6.85%. Sell-side analysts expect that ENI will post 3.01 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of ENI by 10.6% during the 3rd quarter. Goldman Sachs Group Inc. now owns 1,070,156 shares of the oil and gas exploration company's stock valued at $28,627,000 after purchasing an additional 102,386 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of ENI in the 3rd quarter valued at about $1,438,000. Pendal Group Ltd boosted its holdings in ENI by 32.1% during the 3rd quarter. Pendal Group Ltd now owns 347,014 shares of the oil and gas exploration company's stock valued at $4,638,000 after acquiring an additional 84,398 shares during the period. Parametric Portfolio Associates LLC increased its stake in ENI by 6.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,183,359 shares of the oil and gas exploration company's stock worth $28,862,000 after purchasing an additional 75,677 shares during the period. Finally, FMR LLC lifted its position in ENI by 26.5% in the second quarter. FMR LLC now owns 206,110 shares of the oil and gas exploration company's stock valued at $5,027,000 after purchasing an additional 43,214 shares during the last quarter. Institutional investors own 1.12% of the company's stock.
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, Eni gas e luce, Power & Renewables, and Corporate and Other Activities.
Further Reading: What is a blue-chip stock?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider ENI, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ENI wasn't on the list.
While ENI currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here