ENI (NYSE:E) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of ENI (NYSE:E) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on E. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, April 28th. BNP Paribas Exane raised shares of 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 upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “buy (b-)” rating in a research report on Monday, August 3rd. Finally, Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Stock Performance

NYSE:E opened at $55.49 on Monday. The company has a market capitalization of $93.67 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.25 and a beta of 0.39. The business has a 50 day moving average of $50.72 and a 200 day moving average of $50.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. ENI has a 1-year low of $34.03 and a 1-year high of $58.00.

ENI (NYSE:E) last issued 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. The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. On average, sell-side analysts predict that ENI will post 5.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in E. Natixis Advisors LLC raised its holdings in ENI by 5.3% during the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock valued at $124,411,000 after buying an additional 165,454 shares during the last quarter. Morgan Stanley grew its holdings in ENI by 0.6% in the 4th quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company’s stock worth $114,562,000 after acquiring an additional 16,671 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in ENI by 2.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company’s stock worth $51,367,000 after acquiring an additional 38,688 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in ENI in the 1st quarter worth $63,334,000. Finally, Massachusetts Financial Services Co. MA increased its position in shares of ENI by 8.2% in 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 acquiring an additional 44,588 shares during the period. Institutional investors 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.