ENI (NYSE:E) Stock Rating Upgraded by Wall Street Zen

ENI (NYSE:E) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Other research analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. Morgan Stanley set a $34.60 target price on ENI in a research note on Wednesday, September 3rd. Citigroup reissued a “neutral” rating on shares of ENI in a research note on Monday, October 13th. Hsbc Global Res downgraded ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Finally, Royal Bank Of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, ENI has a consensus rating of “Hold” and an average target price of $34.60.

ENI Stock Up 0.5%

E stock opened at $36.84 on Friday. The company has a market cap of $62.18 billion, a PE ratio of 20.13 and a beta of 0.90. The business has a 50-day simple moving average of $35.33 and a 200 day simple moving average of $33.00. ENI has a 52 week low of $24.65 and a 52 week high of $37.25. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $23.46 billion during the quarter, compared to the consensus estimate of $19.88 billion. ENI had a return on equity of 8.58% and a net margin of 3.20%. Sell-side analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.

Institutional Trading of ENI

A number of large investors have recently modified their holdings of the business. DAVENPORT & Co LLC boosted its position in shares of ENI by 2.8% during the 3rd quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock valued at $373,000 after acquiring an additional 294 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock valued at $366,000 after acquiring an additional 326 shares during the last quarter. Blue Trust Inc. boosted its position in shares of ENI by 2.4% during the 3rd quarter. Blue Trust Inc. now owns 16,834 shares of the oil and gas exploration company’s stock valued at $588,000 after acquiring an additional 400 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after acquiring an additional 495 shares during the last quarter. Finally, Gallacher Capital Management LLC boosted its position in shares of ENI by 3.0% during the 2nd quarter. Gallacher Capital Management LLC now owns 17,936 shares of the oil and gas exploration company’s stock valued at $581,000 after acquiring an additional 522 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.