StockNews.com Upgrades ENI (NYSE:E) to Buy

ENI (NYSE:E) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Separately, Berenberg Bank downgraded ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI Stock Performance

E stock opened at $31.70 on Tuesday. The stock has a market capitalization of $53.51 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. ENI has a fifty-two week low of $26.50 and a fifty-two week high of $34.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.07. The company has a 50 day moving average price of $32.04 and a 200 day moving average price of $32.28.

ENI (NYSE:E) last announced its quarterly earnings data on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The business had revenue of $25.16 billion during the quarter, compared to the consensus estimate of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. Analysts forecast that ENI will post 4.67 EPS for the current year.

Institutional Investors Weigh In On ENI

Hedge funds have recently added to or reduced their stakes in the business. Natixis Advisors L.P. increased its stake in shares of ENI by 20.1% during the fourth quarter. Natixis Advisors L.P. now owns 2,257,556 shares of the oil and gas exploration company’s stock worth $76,779,000 after purchasing an additional 377,642 shares during the period. Optiver Holding B.V. increased its position in ENI by 365.8% during the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock worth $11,405,000 after buying an additional 263,362 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ENI by 590.5% during the third quarter. Bank of New York Mellon Corp now owns 212,553 shares of the oil and gas exploration company’s stock worth $6,785,000 after buying an additional 181,770 shares in the last quarter. Private Advisory Group LLC bought a new stake in shares of ENI in the third quarter valued at about $4,633,000. Finally, Qube Research & Technologies Ltd grew its stake in shares of ENI by 94.9% in the third quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock valued at $5,177,000 after acquiring an additional 78,957 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.