Analysts Set Eni SpA (NYSE:E) PT at $42.30

Eni SpA (NYSE:E) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.30.

A number of research analysts have commented on the company. Royal Bank Of Canada boosted their target price on ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a research note on Thursday, April 9th. Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in E. DV Equities LLC acquired a new position in shares of ENI during the 4th quarter valued at about $35,000. Manchester Capital Management LLC boosted its stake in ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock valued at $46,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC bought a new stake in ENI during the 3rd quarter valued at approximately $47,000. Larson Financial Group LLC boosted its stake in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 378 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in ENI during the 3rd quarter valued at approximately $48,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Stock Performance

Shares of NYSE E opened at $55.45 on Friday. The business’s 50-day moving average price is $53.97 and its two-hundred day moving average price is $44.45. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. ENI has a one year low of $28.78 and a one year high of $58.00. The company has a market capitalization of $93.60 billion, a P/E ratio of 31.87, a price-to-earnings-growth ratio of 0.23 and a beta of 0.41.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%. Analysts anticipate that ENI will post 6.08 earnings per share for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Tuesday, May 19th will be issued a dividend of $0.6313 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.6%. This is a positive change from ENI’s previous quarterly dividend of $0.61. ENI’s payout ratio is currently 95.40%.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low?carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.