Eni S.p.A. (NYSE:E) Receives Average Recommendation of “Hold” from Analysts

Shares of Eni S.p.A. (NYSE:E) have been assigned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Six 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 analysts that have covered the stock in the last year is $31.60.

A number of brokerages recently issued reports on E. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its stake in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after purchasing an additional 581 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ENI during the fourth quarter worth $103,000. Jones Financial Companies Lllp raised its position in shares of ENI by 93.4% in the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 2,149 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI in the third quarter worth about $212,000. Finally, Envestnet Portfolio Solutions Inc. boosted its position in ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock worth $201,000 after acquiring an additional 484 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Trading Down 0.6 %

Shares of NYSE:E opened at $28.96 on Thursday. The company has a market capitalization of $48.88 billion, a PE ratio of 17.34, a PEG ratio of 1.85 and a beta of 0.92. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The business has a 50 day moving average of $27.91 and a two-hundred day moving average of $29.79. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

About ENI

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.