ENI (NYSE:E) Given “Buy” Rating at UBS Group

ENI (NYSE:E)‘s stock had its “buy” rating restated by UBS Group in a report issued on Tuesday.

E has been the subject of several other reports. Zacks Research raised ENI from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 9th. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. HSBC restated a “hold” rating on shares of ENI in a research report on Friday, September 25th. Erste Group Bank downgraded ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings upgraded ENI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.45.

ENI Stock Performance

Shares of NYSE E traded up $0.36 during midday trading on Tuesday, hitting $55.98. The company’s stock had a trading volume of 408,128 shares, compared to its average volume of 328,752. ENI has a 1-year low of $34.03 and a 1-year high of $58.00. The firm’s fifty day moving average price is $54.86 and its 200-day moving average price is $53.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23. The firm has a market cap of $94.49 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.22 and a beta of 0.44.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. On average, sell-side analysts forecast that ENI will post 6.41 EPS for the current fiscal year.

Institutional Trading of ENI

Several hedge funds have recently added to or reduced their stakes in E. Optiver Holding B.V. acquired a new position in ENI during the 1st quarter valued at about $6,586,000. Quantinno Capital Management LP lifted its stake in shares of ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after acquiring an additional 52,901 shares during the period. NewEdge Advisors LLC lifted its stake in shares of ENI by 23,909.6% in the 2nd quarter. NewEdge Advisors LLC now owns 12,485 shares of the oil and gas exploration company’s stock worth $585,000 after acquiring an additional 12,433 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of ENI in the first quarter valued at approximately $63,334,000. Finally, QRG Capital Management Inc. boosted its holdings in shares of ENI by 35.3% in the first quarter. QRG Capital Management Inc. now owns 133,035 shares of the oil and gas exploration company’s stock valued at $7,531,000 after acquiring an additional 34,738 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.