ENI (NYSE:E) Upgraded to Strong-Buy at Zacks Research

ENI (NYSE:E) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also commented on E. HSBC lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Royal Bank Of Canada cut ENI from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. Finally, Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.60.

ENI Price Performance

Shares of NYSE E opened at $36.58 on Monday. ENI has a 1 year low of $24.65 and a 1 year high of $38.47. The stock has a market capitalization of $61.75 billion, a P/E ratio of 19.99 and a beta of 0.87. The company’s 50-day moving average is $36.05 and its 200 day moving average is $34.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02.

ENI (NYSE:E) last released its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The company had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. ENI had a return on equity of 8.58% and a net margin of 3.20%. On average, sell-side analysts expect that ENI will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On ENI

Several hedge funds and other institutional investors have recently bought and sold shares of E. Natixis Advisors LLC boosted its holdings in shares of ENI by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after acquiring an additional 192,646 shares during the last quarter. Northern Trust Corp boosted its holdings in ENI by 9.1% in the first quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock worth $24,780,000 after purchasing an additional 66,784 shares during the last quarter. Brandes Investment Partners LP grew its position in ENI by 5.4% in the 2nd 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. grew its position in ENI by 33.2% in the 3rd 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 during the period. Finally, Raymond James Financial Inc. raised its stake in ENI by 6.3% during the 3rd quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock valued at $18,909,000 after buying an additional 32,107 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.