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

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

A number of other equities analysts have also recently commented on E. Weiss Ratings upgraded shares of ENI from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ENI in a research note on Tuesday, September 8th. HSBC reissued a “hold” rating on shares of ENI in a research note on Friday, September 25th. BNP Paribas Exane lowered shares of ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price target for the company. in a research report on Wednesday, October 7th. Finally, UBS Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $58.45.

ENI Trading Up 0.4%

E stock opened at $57.70 on Tuesday. The company has a market capitalization of $97.40 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.22 and a beta of 0.44. ENI has a one year low of $34.15 and a one year high of $58.00. The company’s 50 day moving average price is $55.08 and its two-hundred day moving average price is $53.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23.

ENI (NYSE:E) last announced its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. As a group, analysts predict that ENI will post 6.52 earnings per share for the current fiscal year.

Institutional Trading of ENI

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

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.