ENI (NYSE:E) Rating Lowered to Hold at Zacks Research

ENI (NYSE:E) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other analysts have also issued research reports about the company. Citigroup reissued a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Wall Street Zen upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Jefferies Financial Group upgraded shares of ENI to a “strong-buy” rating in a report on Friday, October 10th. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Royal Bank Of Canada lowered ENI from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, ENI has an average rating of “Hold” and a consensus target price of $34.60.

ENI Price Performance

Shares of NYSE:E opened at $37.83 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $63.86 billion, a PE ratio of 20.67 and a beta of 0.62. The company’s fifty day moving average is $37.04 and its 200 day moving average is $35.14. ENI has a 52 week low of $24.65 and a 52 week high of $38.47.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. ENI had a return on equity of 8.53% and a net margin of 3.20%.The firm had revenue of $24.11 billion for the quarter, compared to analysts’ expectations of $19.88 billion. Research analysts anticipate that ENI will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On ENI

A number of institutional investors have recently bought and sold shares of E. CIBC Private Wealth Group LLC bought a new position in ENI during the 3rd quarter valued at approximately $48,000. Advisory Services Network LLC purchased a new stake in shares of ENI in the third quarter worth $47,000. United Capital Financial Advisors LLC increased its holdings in shares of ENI by 5.0% during the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock valued at $253,000 after acquiring an additional 347 shares in the last quarter. Larson Financial Group LLC raised its position in shares of ENI by 37.5% in the 3rd 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, Flow Traders U.S. LLC bought a new position in ENI in the 3rd quarter worth about $319,000. 1.18% of the stock is owned by institutional investors.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.