ValuEngine upgraded shares of ENI (NYSE:E) from a sell rating to a hold rating in a report published on Monday, February 4th.
E has been the subject of a number of other research reports. JPMorgan Chase & Co. raised ENI from an underweight rating to a neutral rating in a report on Friday, January 18th. Berenberg Bank raised ENI from a hold rating to a buy rating in a report on Wednesday, January 9th. Zacks Investment Research downgraded ENI from a hold rating to a sell rating in a report on Thursday, January 3rd. Finally, Deutsche Bank downgraded ENI from a buy rating to a hold rating and set a $17.00 target price for the company. in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $28.50.
NYSE E traded down $0.16 during trading on Monday, hitting $34.39. The company’s stock had a trading volume of 110,101 shares, compared to its average volume of 154,551. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.40. The company has a market cap of $63.16 billion, a PE ratio of 11.46, a P/E/G ratio of 1.11 and a beta of 0.68. ENI has a fifty-two week low of $29.75 and a fifty-two week high of $40.15.
ENI (NYSE:E) last issued its quarterly earnings results on Friday, February 15th. The oil and gas exploration company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.21. The business had revenue of $22.89 billion during the quarter. ENI had a return on equity of 9.06% and a net margin of 5.52%. On average, sell-side analysts predict that ENI will post 2.4 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which will be paid on Thursday, June 6th. Investors of record on Tuesday, May 21st will be given a dividend of $0.9357 per share. This represents a yield of 5.43%. The ex-dividend date is Monday, May 20th. ENI’s dividend payout ratio is currently 46.67%.
Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC purchased a new stake in shares of ENI in the second quarter valued at approximately $2,835,000. Northern Trust Corp increased its position in shares of ENI by 5.3% in the second quarter. Northern Trust Corp now owns 1,489,247 shares of the oil and gas exploration company’s stock valued at $55,281,000 after buying an additional 74,504 shares in the last quarter. Atria Investments LLC purchased a new stake in shares of ENI in the third quarter valued at approximately $230,000. Lourd Capital LLC purchased a new stake in shares of ENI in the third quarter valued at approximately $242,000. Finally, Bartlett & Co. LLC purchased a new stake in shares of ENI in the third quarter valued at approximately $104,000. Institutional investors own 1.71% of the company’s stock.
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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