ENI (NYSE:E) Rating Lowered to Hold at Wall Street Zen

ENI (NYSE:E) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Other research analysts also recently issued reports about the company. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. JPMorgan Chase & Co. lowered shares of ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Citigroup restated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Finally, Hsbc Global Res downgraded shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.60.

ENI Trading Up 1.9%

NYSE:E opened at $38.39 on Monday. ENI has a one year low of $24.65 and a one year high of $39.41. The business has a fifty day moving average price of $37.56 and a 200-day moving average price of $35.72. The firm has a market capitalization of $63.59 billion, a price-to-earnings ratio of 20.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98.

ENI (NYSE:E) last released its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.17. The company had revenue of $24.11 billion for the quarter, compared to the consensus estimate of $19.88 billion. ENI had a return on equity of 8.53% and a net margin of 3.20%. Sell-side analysts forecast that ENI will post 3.74 EPS for the current year.

Institutional Trading of ENI

Institutional investors have recently made changes to their positions in the company. RD Lewis Holdings Inc. purchased a new stake in ENI during the 2nd quarter valued at about $2,316,000. Sequoia Financial Advisors LLC increased its position in ENI by 131.8% during the second quarter. Sequoia Financial Advisors LLC now owns 29,558 shares of the oil and gas exploration company’s stock worth $958,000 after purchasing an additional 16,804 shares during the last quarter. Fisher Asset Management LLC increased its position in ENI by 25.2% during the second quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock worth $4,656,000 after purchasing an additional 28,926 shares during the last quarter. Callan Family Office LLC raised its stake in ENI by 58.5% during the second quarter. Callan Family Office LLC now owns 56,281 shares of the oil and gas exploration company’s stock worth $1,825,000 after purchasing an additional 20,769 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in ENI in the second quarter valued at approximately $3,982,000. 1.18% of the stock is owned by institutional investors and hedge funds.

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.