ENI (NYSE:E) Earns Buy Rating from UBS Group

ENI (NYSE:E)‘s stock had its “buy” rating reaffirmed by stock analysts at UBS Group in a research note issued on Tuesday.

Several other equities analysts also recently weighed in on E. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. Weiss Ratings upgraded ENI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Barclays reiterated an “overweight” rating on shares of ENI in a report on Monday. Finally, BNP Paribas Exane downgraded shares of ENI from an “outperform” rating to a “neutral” rating and set a $56.30 target price for the company. in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.45.

ENI Trading Up 0.6%

E traded up $0.36 during trading on Tuesday, hitting $55.98. The company’s stock had a trading volume of 408,128 shares, compared to its average volume of 328,752. ENI has a twelve month low of $34.03 and a twelve month high of $58.00. The stock has a market cap of $94.49 billion, a PE ratio of 14.32, a PEG ratio of 0.22 and a beta of 0.44. The firm’s 50 day moving average price is $54.86 and its 200-day moving average price is $53.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05.

ENI (NYSE:E) last posted its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. On average, analysts expect that ENI will post 6.41 earnings per share for the current year.

Hedge Funds Weigh In On ENI

Several hedge funds and other institutional investors have recently modified their holdings of E. IFP Advisors Inc increased its position in ENI by 111.2% during the 2nd quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 347 shares in the last quarter. CoreCap Advisors LLC lifted its position in ENI by 8,235.3% during the third quarter. CoreCap Advisors LLC now owns 1,417 shares of the oil and gas exploration company’s stock valued at $77,000 after buying an additional 1,400 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in ENI during the first quarter valued at approximately $85,000. EWA LLC acquired a new position in ENI during the first quarter valued at approximately $202,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in ENI during the first quarter worth approximately $203,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Established in 1953, the company operates across the energy value chain, with activities spanning oil and natural gas exploration and production, natural gas and liquefied natural gas, refining, chemicals, power generation and energy retail.

Eni explores for and produces hydrocarbons in multiple regions, including Europe, Africa, the Middle East, Asia and the Americas. Its downstream businesses include fuel refining and marketing, petrochemicals through Versalis, and natural gas and electricity sales.