Analysts Set Eni S.p.A. (NYSE:E) Target Price at $39.60

Eni S.p.A. (NYSE:E - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $39.60.

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. Sanford C. Bernstein lowered ENI from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Redburn Atlantic raised ENI from a "neutral" rating to a "buy" rating in a research report on Tuesday, June 25th. BNP Paribas upgraded ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus lowered ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI in the 1st quarter valued at about $74,000. GAMMA Investing LLC grew its holdings in shares of ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock valued at $75,000 after purchasing an additional 404 shares during the last quarter. Toronto Dominion Bank acquired a new stake in shares of ENI during the 1st quarter worth approximately $172,000. Arkadios Wealth Advisors bought a new stake in shares of ENI in the 1st quarter worth approximately $218,000. Finally, Pitcairn Co. bought a new stake in ENI in the first quarter valued at $218,000. 1.18% of the stock is currently owned by institutional investors.

ENI Stock Performance

Shares of E stock traded up $0.14 during trading hours on Friday, reaching $31.38. 94,675 shares of the company's stock were exchanged, compared to its average volume of 297,101. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The company's 50 day moving average is $31.49 and its two-hundred day moving average is $31.49. The company has a market cap of $52.97 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.37 and a beta of 0.96. ENI has a 1 year low of $28.82 and a 1 year high of $34.30.

ENI (NYSE:E - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The firm had revenue of $24.82 billion during the quarter, compared to analysts' expectations of $25.74 billion. Equities research analysts anticipate that ENI will post 3.95 EPS for the current fiscal year.

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.