ENI (NYSE:E) Stock Rating Upgraded by Wall Street Zen

ENI (NYSE:E) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other research firms have also issued reports on E. Zacks Research lowered shares of ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 23rd. HSBC lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Barclays restated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. UBS Group upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 25th. Finally, Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.60.

ENI Trading Up 0.3%

Shares of E opened at $39.15 on Friday. ENI has a 12-month low of $24.65 and a 12-month high of $39.41. The firm has a market capitalization of $65.90 billion, a price-to-earnings ratio of 21.40 and a beta of 0.61. The stock’s 50-day moving average price is $37.47 and its 200 day moving average price is $35.50. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, beating 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 business had revenue of $24.11 billion during the quarter, compared to analyst estimates of $19.88 billion. As a group, research analysts predict that ENI will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. RD Lewis Holdings Inc. bought a new position in ENI during the 2nd quarter worth approximately $2,316,000. Sequoia Financial Advisors LLC raised its holdings in ENI by 131.8% in the second quarter. Sequoia Financial Advisors LLC now owns 29,558 shares of the oil and gas exploration company’s stock worth $958,000 after purchasing an additional 16,804 shares during the period. Fisher Asset Management LLC boosted its position in shares of ENI by 25.2% during the second quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock worth $4,656,000 after purchasing an additional 28,926 shares in the last quarter. Callan Family Office LLC boosted its position in shares of ENI by 58.5% during the second quarter. Callan Family Office LLC now owns 56,281 shares of the oil and gas exploration company’s stock worth $1,825,000 after purchasing an additional 20,769 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ENI in the 2nd quarter valued at $3,982,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.