Eni S.p.A. (NYSE:E) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Eni S.p.A. (NYSE:E) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.60.

A number of brokerages recently weighed in on E. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective on the stock in a research note on Thursday, August 29th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th.

Institutional Trading of ENI

Hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 633 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock valued at $171,000 after purchasing an additional 3,218 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in ENI during the 3rd quarter worth approximately $212,000. Townsquare Capital LLC acquired a new position in shares of ENI in the 3rd quarter valued at approximately $231,000. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of ENI during the 3rd quarter valued at approximately $239,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Stock Up 0.6 %

Shares of E opened at $26.60 on Wednesday. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $34.30. The company’s fifty day moving average is $29.12 and its two-hundred day moving average is $30.41. The firm has a market cap of $44.90 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

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.