Brokerages Set Eni S.p.A. (NYSE:E) PT at $39.60

Shares of Eni S.p.A. (NYSE:E - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.60.

Several research analysts recently commented on the company. Morgan Stanley raised ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Sanford C. Bernstein downgraded shares of ENI from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. BNP Paribas upgraded shares of ENI from an "underperform" rating to a "neutral" rating in a research report on Friday, September 13th. StockNews.com upgraded shares of ENI from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Finally, Jefferies Financial Group restated a "buy" rating on shares of ENI in a report on Tuesday, October 15th.

ENI Price Performance

Shares of NYSE:E traded down $0.04 during midday trading on Friday, reaching $28.18. 168,634 shares of the company's stock traded hands, compared to its average volume of 288,930. The company has a market cap of $47.57 billion, a P/E ratio of 16.87, a PEG ratio of 1.23 and a beta of 0.95. The company has a fifty day simple moving average of $30.27 and a two-hundred day simple moving average of $30.86. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 1 year low of $28.03 and a 1 year high of $34.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Natixis Advisors LLC grew its stake in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company's stock worth $77,179,000 after purchasing an additional 288,968 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of ENI in the 2nd quarter valued at about $6,875,000. FMR LLC raised its position in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company's stock worth $17,691,000 after acquiring an additional 146,431 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in ENI during the second quarter worth approximately $3,764,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in ENI in the second quarter valued at approximately $3,141,000. 1.18% of the stock is owned by institutional investors and hedge funds.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.