ENI (NYSE:E) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research note published on Saturday.

E has been the subject of several other reports. Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a report on Tuesday, April 28th. Weiss Ratings upgraded ENI from a “hold (c)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Zacks Research lowered shares of ENI from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a report on Friday, April 17th. Finally, Erste Group Bank downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

ENI Stock Performance

Shares of NYSE:E opened at $53.55 on Friday. The firm’s 50 day simple moving average is $50.66 and its 200-day simple moving average is $50.20. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.23. ENI has a one year low of $34.03 and a one year high of $58.00. The firm has a market cap of $90.39 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.25 and a beta of 0.39.

ENI (NYSE:E) last announced its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. The firm had revenue of $25.87 billion during the quarter, compared to analyst estimates of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. As a group, equities analysts predict that ENI will post 5.63 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in E. Sei Investments Co. lifted its stake in shares of ENI by 1.7% during the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock worth $680,000 after purchasing an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in ENI by 2.9% in the first quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after purchasing an additional 210 shares during the last quarter. Checchi Capital Advisers LLC grew its stake in ENI by 2.0% in the first quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after purchasing an additional 213 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in ENI by 1.2% in the first quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock worth $1,209,000 after purchasing an additional 254 shares in the last quarter. Finally, MGO One Seven LLC raised its holdings in ENI by 2.3% in the fourth quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock worth $451,000 after purchasing an additional 263 shares in the last quarter. 1.18% of the stock is 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.