ENI (NYSE:E) Downgraded by Erste Group Bank to “Hold”

ENI (NYSE:E) was downgraded by equities research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Marketbeat Ratings reports.

Several other equities analysts have also commented on E. Rothschild & Co Redburn raised shares of ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target on the stock in a research note on Friday, April 17th. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. Finally, Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, ENI presently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Performance

NYSE E opened at $47.16 on Thursday. The business has a 50 day simple moving average of $53.51 and a two-hundred day simple moving average of $47.53. ENI has a 1-year low of $31.87 and a 1-year high of $58.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. The stock has a market capitalization of $79.61 billion, a PE ratio of 27.10, a P/E/G ratio of 0.21 and a beta of 0.38.

ENI (NYSE:E) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.79 EPS for the quarter. The business had revenue of $23.22 billion during the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. On average, research analysts predict that ENI will post 6.07 EPS for the current fiscal year.

Institutional Trading of ENI

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of ENI by 52.9% during the third quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock worth $2,424,000 after buying an additional 24,006 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in ENI during the fourth quarter worth $923,000. Capital Wealth Planning LLC purchased a new position in shares of ENI during the 3rd quarter worth $5,106,000. Newbridge Financial Services Group Inc. grew its holdings in shares of ENI by 408.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 26,640 shares of the oil and gas exploration company’s stock valued at $1,011,000 after purchasing an additional 21,400 shares during the period. Finally, Natixis Advisors LLC increased its position in ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares during the last quarter. 1.18% of the stock is currently owned by hedge funds and other 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.