Shares of Eni SpA (NYSE:E) have been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $34.24.

A number of research firms have commented on E. Zacks Investment Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Sanford C. Bernstein restated a “buy” rating on shares of ENI in a research note on Friday, July 27th. JPMorgan Chase & Co. restated a “sell” rating on shares of ENI in a research note on Tuesday, August 7th. Credit Suisse Group upgraded shares of ENI from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 19th. Finally, Barclays lowered shares of ENI from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 11th.

Several institutional investors have recently modified their holdings of E. Signaturefd LLC acquired a new position in shares of ENI during the first quarter worth about $181,000. Trexquant Investment LP acquired a new position in shares of ENI during the first quarter worth about $266,000. Rehmann Capital Advisory Group increased its stake in shares of ENI by 33.6% during the second quarter. Rehmann Capital Advisory Group now owns 9,087 shares of the oil and gas exploration company’s stock worth $337,000 after acquiring an additional 2,287 shares during the period. Barclays PLC increased its stake in shares of ENI by 33,163.3% during the first quarter. Barclays PLC now owns 9,979 shares of the oil and gas exploration company’s stock worth $353,000 after acquiring an additional 9,949 shares during the period. Finally, Sei Investments Co. increased its stake in shares of ENI by 45.2% during the first quarter. Sei Investments Co. now owns 10,651 shares of the oil and gas exploration company’s stock worth $377,000 after acquiring an additional 3,317 shares during the period. Institutional investors and hedge funds own 1.60% of the company’s stock.

E traded down $0.03 on Friday, reaching $38.46. The company had a trading volume of 2,917 shares, compared to its average volume of 107,010. ENI has a 1 year low of $31.58 and a 1 year high of $40.15. The stock has a market cap of $69.05 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 0.80 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.41 and a quick ratio of 1.23.

ENI (NYSE:E) last posted its quarterly earnings data on Friday, July 27th. The oil and gas exploration company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.16). The business had revenue of $22.48 billion during the quarter. ENI had a net margin of 6.31% and a return on equity of 6.18%. equities analysts expect that ENI will post 2.59 EPS for the current fiscal year.

The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, October 11th. Shareholders of record on Tuesday, September 25th will be paid a $0.9783 dividend. The ex-dividend date of this dividend is Monday, September 24th. This is a positive change from ENI’s previous semiannual dividend of $0.64. This represents a yield of 5.33%. ENI’s payout ratio is currently 89.40%.

ENI Company Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.

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Analyst Recommendations for ENI (NYSE:E)

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