ENI (NYSE:E) Upgraded by Zacks Research to “Strong-Buy” Rating

ENI (NYSE:E) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. raised shares of ENI from an “underweight” rating to an “overweight” rating in a report on Monday, March 2nd. Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Finally, Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Stock Down 3.1%

Shares of NYSE E opened at $54.86 on Tuesday. The business has a 50-day moving average price of $46.73 and a 200 day moving average price of $40.26. The stock has a market cap of $92.61 billion, a PE ratio of 32.27 and a beta of 0.57. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 0.38. ENI has a 52-week low of $24.65 and a 52-week high of $57.58.

ENI (NYSE:E) last released its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. The firm had revenue of $24.64 billion during the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. Equities research analysts forecast that ENI will post 3.74 earnings per share for the current year.

Institutional Trading of ENI

Large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in ENI by 2.1% in the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after purchasing an additional 1,420 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of ENI by 3.4% in the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after buying an additional 495 shares during the period. Cetera Investment Advisers grew its holdings 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 valued at $364,000 after purchasing an additional 870 shares during the last quarter. JPMorgan Chase & Co. increased its position in ENI by 60.7% in 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 buying an additional 17,133 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of ENI by 12.1% in the second quarter. American Century Companies Inc. now owns 478,192 shares of the oil and gas exploration company’s stock valued at $15,503,000 after purchasing an additional 51,626 shares during the period. Institutional investors and hedge funds 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.