ENI (NYSE:E) Cut to “Hold” at Wall Street Zen

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

A number of other equities research analysts have also issued reports on E. Morgan Stanley set a $34.60 target price on shares of ENI in a report on Wednesday, September 3rd. Citigroup restated a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Barclays reaffirmed an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group upgraded ENI to a “strong-buy” rating in a report on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $34.60.

ENI Price Performance

NYSE:E opened at $37.70 on Friday. The stock has a 50 day moving average of $37.23 and a two-hundred day moving average of $35.30. ENI has a 12 month low of $24.65 and a 12 month high of $38.47. The firm has a market cap of $63.63 billion, a P/E ratio of 20.60 and a beta of 0.62. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. ENI had a return on equity of 8.53% and a net margin of 3.20%.The firm had revenue of $24.11 billion for the quarter, compared to analyst estimates of $19.88 billion. On average, analysts expect that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in E. Natixis Advisors LLC increased its stake in ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after acquiring an additional 192,646 shares during the last quarter. Northern Trust Corp increased its position in shares of ENI by 9.1% during the 1st quarter. Northern Trust Corp now owns 801,152 shares of the oil and gas exploration company’s stock worth $24,780,000 after purchasing an additional 66,784 shares during the last quarter. Brandes Investment Partners LP increased its position in shares of ENI by 5.4% during the 2nd quarter. Brandes Investment Partners LP now owns 702,770 shares of the oil and gas exploration company’s stock worth $22,784,000 after purchasing an additional 35,772 shares during the last quarter. American Century Companies Inc. raised its holdings in ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after buying an additional 158,699 shares during the period. Finally, Raymond James Financial Inc. lifted its position in ENI by 6.3% in the third quarter. Raymond James Financial Inc. now owns 541,031 shares of the oil and gas exploration company’s stock valued at $18,909,000 after buying an additional 32,107 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.