ENI (NYSE:E) Upgraded to Strong-Buy at Erste Group Bank

Erste Group Bank upgraded shares of ENI (NYSE:E) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. downgraded shares of ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.60.

ENI Stock Performance

Shares of NYSE:E traded down $0.02 during midday trading on Wednesday, hitting $43.83. The stock had a trading volume of 59,426 shares, compared to its average volume of 302,274. ENI has a 1 year low of $24.65 and a 1 year high of $44.00. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average price of $39.58 and a two-hundred day moving average price of $37.17.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in E. Royal Bank of Canada raised its holdings in shares of ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after purchasing an additional 1,420 shares during the period. AQR Capital Management LLC grew its position in shares of ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after buying an additional 495 shares during the last quarter. Bleakley Financial Group LLC raised its stake in ENI by 16.2% during the second quarter. Bleakley Financial Group LLC now owns 23,292 shares of the oil and gas exploration company’s stock worth $755,000 after acquiring an additional 3,241 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in ENI by 3.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after acquiring an additional 326 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock valued at $49,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

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.