Barclays Keeps Their Buy Rating on ENI S.p.A. (0N9S)

Barclays analyst Lydia Rainforth maintained a Buy rating on ENI S.p.A. today and set a price target of €28.50.

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Rainforth covers the Energy sector, focusing on stocks such as TotalEnergies SE, Shell (UK), and BP p.l.c.. According to TipRanks, Rainforth has an average return of 11.7% and a 63.61% success rate on recommended stocks.

In addition to Barclays, ENI S.p.A. also received a Buy from Rothschild & Co Redburn’s Fergus Neve in a report issued on April 9. However, on the same day, RBC Capital maintained a Hold rating on ENI S.p.A. (LSE: 0N9S).

Based on ENI S.p.A.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €20.62 billion and a net profit of €90 million. In comparison, last year the company earned a revenue of €23.92 billion and had a net profit of €230 million

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0N9S in relation to earlier this year.