ENI (NYSE:E) Upgraded at Wall Street Zen

ENI (NYSE:E) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday.

E has been the topic of a number of other reports. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. downgraded ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Zacks Research cut shares of ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 23rd. Finally, Barclays reissued an “overweight” rating on shares of ENI in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ENI currently has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Stock Up 2.9%

E opened at $39.04 on Friday. The stock has a market capitalization of $65.90 billion, a price-to-earnings ratio of 21.33 and a beta of 0.61. The firm has a 50 day moving average price of $37.42 and a 200-day moving average price of $35.44. ENI has a twelve month low of $24.65 and a twelve month high of $39.07. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.53%. The company had revenue of $24.11 billion for 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 year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in E. Natixis Advisors LLC increased its holdings in ENI by 6.6% in the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares in the last quarter. Brandes Investment Partners LP boosted its position in shares of ENI by 5.4% in the second quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock worth $22,784,000 after purchasing an additional 35,772 shares during the period. American Century Companies Inc. increased its stake in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after purchasing an additional 158,699 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of ENI by 6.3% in the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock worth $18,909,000 after purchasing an additional 32,107 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of ENI by 44.9% during the 2nd quarter. Quantinno Capital Management LP now owns 202,792 shares of the oil and gas exploration company’s stock valued at $6,575,000 after purchasing an additional 62,834 shares during the period. 1.18% of the stock is 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.