ENI (NYSE:E) Raised to “Buy” at StockNews.com

ENI (NYSE:E) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Tuesday.

Separately, Berenberg Bank downgraded ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

ENI Stock Down 1.0 %

NYSE:E opened at $31.70 on Tuesday. The company’s 50 day moving average is $32.04 and its two-hundred day moving average is $32.28. The company has a market cap of $53.51 billion, a PE ratio of 13.66, a P/E/G ratio of 1.11 and a beta of 1.01. ENI has a twelve month low of $26.50 and a twelve month high of $34.30. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

ENI (NYSE:E) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.18). The business had revenue of $25.16 billion for the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a return on equity of 12.57% and a net margin of 3.95%. Analysts anticipate that ENI will post 4.67 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in E. Natixis Advisors L.P. grew its position in shares of ENI by 20.1% during the 4th quarter. Natixis Advisors L.P. now owns 2,257,556 shares of the oil and gas exploration company’s stock valued at $76,779,000 after acquiring an additional 377,642 shares during the period. Optiver Holding B.V. lifted its position in shares of ENI by 365.8% during the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after buying an additional 263,362 shares in the last quarter. Bank of New York Mellon Corp raised its position in ENI by 590.5% during the third quarter. Bank of New York Mellon Corp now owns 212,553 shares of the oil and gas exploration company’s stock worth $6,785,000 after acquiring an additional 181,770 shares during the period. Private Advisory Group LLC purchased a new position in ENI in the 3rd quarter valued at about $4,633,000. Finally, Qube Research & Technologies Ltd boosted its holdings in ENI by 94.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 162,196 shares of the oil and gas exploration company’s stock worth $5,177,000 after buying an additional 78,957 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.