ENI (NYSE:E) Earns “Overweight” Rating from Morgan Stanley

Morgan Stanley reissued their overweight rating on shares of ENI (NYSE:E) in a research note released on Monday morning, The Fly reports.

Several other equities research analysts have also recently weighed in on the stock. BNP Paribas raised shares of ENI from a neutral rating to an outperform rating in a research report on Tuesday, July 6th. Exane BNP Paribas raised shares of ENI from a neutral rating to an outperform rating in a report on Tuesday, July 6th. Deutsche Bank Aktiengesellschaft reissued a buy rating on shares of ENI in a report on Thursday, June 10th. Citigroup increased their target price on shares of ENI to $70.00 and gave the stock a neutral rating in a report on Wednesday, June 30th. Finally, Zacks Investment Research cut shares of ENI from a buy rating to a hold rating and set a $26.00 target price for the company. in a report on Tuesday, May 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $55.33.

Shares of E opened at $22.92 on Monday. The firm has a market capitalization of $41.32 billion, a P/E ratio of -7.80, a price-to-earnings-growth ratio of 0.52 and a beta of 1.07. ENI has a 1-year low of $13.36 and a 1-year high of $26.18. The stock’s fifty day moving average price is $24.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.39.

ENI (NYSE:E) last announced its earnings results on Friday, April 30th. The oil and gas exploration company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.32). The business had revenue of $17.84 billion during the quarter. ENI had a negative net margin of 9.83% and a negative return on equity of 1.27%. On average, analysts predict that ENI will post 1.9 earnings per share for the current year.

The company also recently announced a semi-annual dividend, which was paid on Thursday, June 10th. Investors of record on Tuesday, May 25th were issued a $0.5813 dividend. This is a boost from ENI’s previous semi-annual dividend of $0.28. This represents a dividend yield of 2.4%. The ex-dividend date was Monday, May 24th. ENI’s dividend payout ratio (DPR) is currently -166.67%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its stake in ENI by 5,470.3% during the 1st quarter. Bessemer Group Inc. now owns 2,061 shares of the oil and gas exploration company’s stock valued at $51,000 after acquiring an additional 2,024 shares in the last quarter. Whittier Trust Co. bought a new position in ENI during the 1st quarter valued at $139,000. Eaton Vance Management bought a new position in ENI during the 1st quarter valued at $150,000. Bank of Montreal Can lifted its stake in ENI by 8.7% during the 1st quarter. Bank of Montreal Can now owns 7,905 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 636 shares in the last quarter. Finally, Cresset Asset Management LLC bought a new position in ENI during the 1st quarter valued at $214,000.

About ENI

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas and LNG Portfolio; Refining & Marketing and Chemicals; Eni gas e luce, Power & Renewables; and Corporate and Other activities segments.

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