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

Eni S.p.A. (NYSE:E - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $39.60.

E has been the topic of a number of recent research reports. BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research report on Friday, September 13th. Morgan Stanley raised shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Stifel Nicolaus downgraded ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. Royal Bank of Canada upgraded ENI from a "sector perform" rating to an "outperform" rating in a research note on Monday, July 29th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of ENI in a research note on Tuesday, October 15th.

ENI Price Performance

ENI stock traded up $0.34 during midday trading on Tuesday, reaching $30.72. 166,709 shares of the company were exchanged, compared to its average volume of 292,774. The firm's 50-day simple moving average is $31.12 and its 200-day simple moving average is $31.24. ENI has a 1 year low of $28.82 and a 1 year high of $34.30. The company has a market capitalization of $51.85 billion, a price-to-earnings ratio of 18.40, a P/E/G ratio of 1.29 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new position in ENI in the first quarter worth approximately $74,000. Norden Group LLC acquired a new stake in ENI in the 1st quarter valued at $437,000. Sequoia Financial Advisors LLC increased its stake in ENI by 5.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 11,933 shares of the oil and gas exploration company's stock valued at $379,000 after purchasing an additional 573 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in ENI by 12.0% during the first quarter. Janney Montgomery Scott LLC now owns 16,359 shares of the oil and gas exploration company's stock worth $519,000 after buying an additional 1,754 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its stake in shares of ENI by 7.4% in the first quarter. Rehmann Capital Advisory Group now owns 13,229 shares of the oil and gas exploration company's stock valued at $420,000 after buying an additional 909 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

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.