Eni S.p.A. (NYSE:E) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Eni S.p.A. (NYSE:E) have received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

Several research firms have weighed in on E. Morgan Stanley started coverage on ENI in a research note on Wednesday, July 3rd. They set an “equal weight” rating on the stock. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday.

ENI Trading Down 2.1 %

ENI stock opened at $31.39 on Friday. The firm has a market cap of $52.99 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.96. ENI has a 1 year low of $28.82 and a 1 year high of $34.30. The firm’s 50 day moving average price is $30.72 and its two-hundred day moving average price is $31.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24.

ENI (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The company had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.81%. On average, research analysts predict that ENI will post 4.16 EPS for the current fiscal year.

ENI Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Tuesday, September 24th will be issued a dividend of $0.372 per share. This is an increase from ENI’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Tuesday, September 24th. This represents a $1.49 annualized dividend and a dividend yield of 4.74%. ENI’s payout ratio is presently 60.34%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of E. JFS Wealth Advisors LLC raised its position in ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after purchasing an additional 669 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of ENI during the 1st quarter worth approximately $74,000. GAMMA Investing LLC boosted its stake in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares in the last quarter. Barometer Capital Management Inc. bought a new stake in ENI in the fourth quarter valued at $119,000. Finally, Toronto Dominion Bank acquired a new position in ENI during the first quarter worth $172,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.