ENI (NYSE:E) Cut to Strong Sell at Zacks Research

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

A number of other research firms have also commented on E. Hsbc Global Res lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research note on Wednesday. Citigroup restated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Finally, Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, ENI currently has a consensus rating of “Hold” and an average target price of $34.60.

ENI Price Performance

ENI stock opened at $38.72 on Wednesday. The business’s fifty day moving average is $37.73 and its two-hundred day moving average is $35.98. 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 firm has a market cap of $65.83 billion, a P/E ratio of 21.16 and a beta of 0.61. ENI has a 52 week low of $24.65 and a 52 week high of $39.41.

ENI (NYSE:E) last released its quarterly earnings results 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 business had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. Equities research analysts forecast that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of ENI by 2.1% in the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after purchasing an additional 495 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in ENI during the 2nd quarter valued at about $280,000. Park Avenue Securities LLC bought a new position in shares of ENI during the second quarter valued at about $262,000. Finally, GAMMA Investing LLC lifted its position in shares of ENI by 44.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,869 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 1,493 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.