Wall Street Zen Downgrades ENI (NYSE:E) to Hold

ENI (NYSE:E) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

E has been the subject of a number of other reports. Barclays reaffirmed an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Finally, Zacks Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.60.

ENI Price Performance

Shares of E stock opened at $55.16 on Friday. ENI has a 52-week low of $24.65 and a 52-week high of $55.38. The stock has a market cap of $93.11 billion, a PE ratio of 32.45 and a beta of 0.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.19. The firm’s 50 day moving average price is $45.71 and its two-hundred day moving average price is $39.79.

ENI (NYSE:E) last issued its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. The company had revenue of $24.64 billion during the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. As a group, analysts forecast that ENI will post 3.74 EPS for the current year.

Institutional Investors Weigh In On ENI

A number of hedge funds have recently modified their holdings of E. DV Equities LLC acquired a new stake in shares of ENI during the fourth quarter worth about $35,000. MAI Capital Management grew its position in shares of ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,070 shares during the period. Manchester Capital Management LLC increased its stake in ENI by 56.8% during 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 purchasing an additional 437 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ENI during the 3rd quarter worth approximately $47,000. Finally, CIBC Private Wealth Group LLC acquired a new stake in ENI during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.