ENI (NYSE:E) Lowered to Underweight Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of ENI (NYSE:E) from an overweight rating to an underweight rating in a research report sent to investors on Friday morning, MarketBeat reports.

Several other equities analysts have also recently commented on E. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Hsbc Global Res lowered ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. HSBC lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Zacks Research raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 24th. Finally, Citigroup reiterated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.60.

ENI Stock Down 2.4%

E stock opened at $37.16 on Friday. The company has a market capitalization of $62.72 billion, a price-to-earnings ratio of 20.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The stock has a fifty day moving average of $36.41 and a 200-day moving average of $34.41. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $38.47.

ENI (NYSE:E) last announced 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. ENI had a net margin of 3.20% and a return on equity of 8.53%. The company had revenue of $24.11 billion for the quarter, compared to analysts’ expectations of $19.88 billion. As a group, equities research analysts predict that ENI will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On ENI

A number of institutional investors have recently made changes to their positions in E. NewSquare Capital LLC grew its stake in shares of ENI by 179.3% during the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. MAI Capital Management boosted its stake in shares of ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,070 shares during the period. Advisory Services Network LLC purchased a new stake in shares of ENI during the third quarter valued at approximately $47,000. Larson Financial Group LLC grew its holdings in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after purchasing an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new position in shares of ENI in the third quarter worth $48,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.