ENI (NYSE:E) Stock Rating Upgraded by Zacks Research

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

E has been the subject of a number of other research reports. BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price target for the company in a research note on Friday, April 17th. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday. Erste Group Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings raised shares of ENI from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, ENI presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Up 1.1%

Shares of NYSE:E opened at $55.49 on Monday. ENI has a 1 year low of $34.03 and a 1 year high of $58.00. The company has a market cap of $93.67 billion, a PE ratio of 14.19, a P/E/G ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The stock’s 50-day moving average is $50.72 and its 200 day moving average is $50.52.

ENI (NYSE:E) last released its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%.The business had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. Sell-side analysts anticipate that ENI will post 5.76 EPS for the current year.

Institutional Investors Weigh In On ENI

Hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA lifted its position in ENI by 8.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock valued at $22,357,000 after buying an additional 44,588 shares during the period. Optiver Holding B.V. purchased a new stake in shares of ENI in the 1st quarter worth about $6,586,000. Quantinno Capital Management LP grew its position in shares of ENI by 13.2% in the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after buying an additional 52,901 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of ENI in the 1st quarter worth about $63,334,000. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of ENI in the 4th quarter worth about $375,000. 1.18% of the stock is currently owned by institutional investors.

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.