Brokerages Set Eni S.p.A. (NYSE:E) Target Price at $31.60

Shares of Eni S.p.A. (NYSE:E) have received an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $31.60.

E has been the subject of a number of research reports. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group lowered ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th.

Institutional Trading of ENI

Several large investors have recently made changes to their positions in E. R Squared Ltd acquired a new stake in ENI in the fourth quarter valued at approximately $103,000. Blue Trust Inc. increased its stake in ENI by 22.9% during the 4th quarter. Blue Trust Inc. now owns 23,445 shares of the oil and gas exploration company’s stock valued at $711,000 after purchasing an additional 4,375 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of ENI in the fourth quarter valued at $235,000. Park Avenue Securities LLC acquired a new position in shares of ENI during the fourth quarter valued at about $216,000. Finally, JPMorgan Chase & Co. increased its position in shares of ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock worth $939,000 after acquiring an additional 22,768 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Price Performance

E stock opened at $28.10 on Friday. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock has a market cap of $47.43 billion, a price-to-earnings ratio of 16.83, a P/E/G ratio of 1.82 and a beta of 0.93. The company has a 50 day simple moving average of $27.96 and a 200 day simple moving average of $30.00.

ENI (NYSE:E) last issued its earnings results on Friday, October 25th. The oil and gas exploration company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). ENI had a return on equity of 11.03% and a net margin of 2.76%. The firm had revenue of $23.10 billion during the quarter, compared to analyst estimates of $23.40 billion. Research analysts anticipate that ENI will post 3.76 EPS 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.