ENI (NYSE:E) was upgraded by investment analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

A number of other research firms have also recently commented on E. Bank of America upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Friday, October 5th. Deutsche Bank cut ENI from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Monday, December 10th. Zacks Investment Research cut ENI from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine upgraded ENI from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, Berenberg Bank raised ENI from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.41.

Shares of ENI stock opened at $32.67 on Friday. The company has a market capitalization of $59.13 billion, a P/E ratio of 21.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.67. ENI has a fifty-two week low of $29.75 and a fifty-two week high of $40.15. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 0.39.

ENI (NYSE:E) last released its quarterly earnings results on Wednesday, November 7th. The oil and gas exploration company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.68 by $0.23. The business had revenue of $23.14 billion during the quarter. ENI had a return on equity of 8.38% and a net margin of 7.47%. Equities research analysts predict that ENI will post 3.23 EPS for the current year.

A number of institutional investors have recently made changes to their positions in E. Legacy Financial Advisors Inc. boosted its position in ENI by 207.7% during the 4th quarter. Legacy Financial Advisors Inc. now owns 1,123 shares of the oil and gas exploration company’s stock worth $35,000 after purchasing an additional 758 shares during the period. Contravisory Investment Management Inc. purchased a new stake in ENI during the 4th quarter worth $43,000. Bartlett & Co. LLC purchased a new stake in ENI during the 3rd quarter worth $104,000. O Shaughnessy Asset Management LLC boosted its position in ENI by 1,118.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 5,801 shares of the oil and gas exploration company’s stock worth $218,000 after purchasing an additional 5,325 shares during the period. Finally, Regal Investment Advisors LLC purchased a new stake in ENI during the 3rd quarter worth $223,000.

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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Analyst Recommendations for ENI (NYSE:E)

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