Zacks Research Downgrades ENI (NYSE:E) to Hold

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

Several other research firms have also recently issued reports on E. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a report on Friday, April 17th. Wall Street Zen cut shares of ENI from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Royal Bank Of Canada increased their target price on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a report on Thursday, April 9th. Finally, Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

ENI Trading Down 1.4%

E opened at $53.61 on Monday. The stock has a market capitalization of $90.49 billion, a PE ratio of 30.81, a P/E/G ratio of 0.23 and a beta of 0.41. The firm’s fifty day moving average price is $54.80 and its 200 day moving average price is $45.40. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.16 and a quick ratio of 1.02. ENI has a 12-month low of $29.20 and a 12-month high of $58.00.

ENI (NYSE:E) last posted its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. The firm had revenue of $23.22 billion for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. As a group, research analysts expect that ENI will post 6.08 EPS for the current fiscal year.

Hedge Funds Weigh In On ENI

Several institutional investors have recently modified their holdings of E. Royal Bank of Canada grew its position 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 acquiring an additional 1,420 shares during the last quarter. AQR Capital Management LLC grew its position in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after acquiring an additional 495 shares during the last quarter. Cetera Investment Advisers grew its position in shares of ENI by 8.4% during the second quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock worth $364,000 after acquiring an additional 870 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of ENI by 60.7% during the second quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after acquiring an additional 17,133 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of ENI by 60.7% during the second quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock worth $500,000 after acquiring an additional 5,831 shares during the last quarter. Institutional investors 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.