ENI (NYSE:E) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research note released on Wednesday morning.

A number of other equities research analysts also recently commented on the company. UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $31.60.

ENI Stock Up 0.7 %

Shares of NYSE E opened at $28.96 on Wednesday. The firm has a market cap of $48.88 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The firm’s 50 day moving average price is $28.09 and its 200 day moving average price is $30.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of E. Ballentine Partners LLC acquired a new stake in ENI during the 4th quarter valued at $235,000. Park Avenue Securities LLC acquired a new stake in shares of ENI during the fourth quarter valued at about $216,000. JPMorgan Chase & Co. grew its stake in shares of ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after acquiring an additional 22,768 shares in the last quarter. Tidal Investments LLC increased its position in shares of ENI by 9.8% during the third quarter. Tidal Investments LLC now owns 40,744 shares of the oil and gas exploration company’s stock worth $1,235,000 after acquiring an additional 3,641 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of ENI by 9.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company’s stock worth $3,386,000 after acquiring an additional 9,700 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.