ENI (NYSE:E) Stock Rating Upgraded by Zacks Research

ENI (NYSE:E) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms have also issued reports on E. Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday. Citigroup restated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Finally, Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Trading Down 2.0%

Shares of NYSE:E opened at $46.40 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98. ENI has a 12 month low of $24.65 and a 12 month high of $47.80. The stock’s 50 day moving average price is $40.88 and its 200 day moving average price is $37.81.

ENI (NYSE:E) last issued its quarterly earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.09. ENI had a return on equity of 9.22% and a net margin of 3.07%.The company had revenue of $24.33 billion for the quarter, compared to analysts’ expectations of $19.45 billion. As a group, equities research analysts anticipate that ENI will post 3.74 EPS for the current fiscal year.

Hedge Funds Weigh In On ENI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its stake in ENI by 179.3% during the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 588 shares during the period. DV Equities LLC purchased a new position in shares of ENI during the fourth quarter valued at $35,000. MAI Capital Management raised its position in ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 1,070 shares during the period. Manchester Capital Management LLC lifted its stake in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after acquiring an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in ENI in the 3rd quarter worth about $47,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

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.