Zacks Research Downgrades ENI (NYSE:E) to Hold

ENI (NYSE:E) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on E. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 9th. Royal Bank Of Canada upped their target price on ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Erste Group Bank raised ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Finally, BNP Paribas Exane raised ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price on the stock in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.30.

ENI Price Performance

Shares of NYSE:E opened at $53.61 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.16 and a debt-to-equity ratio of 0.40. ENI has a twelve month low of $29.20 and a twelve month high of $58.00. The stock’s 50 day moving average is $54.80 and its 200-day moving average is $45.40. The firm has a market capitalization of $90.49 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 0.23 and a beta of 0.41.

ENI (NYSE:E) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The company had revenue of $23.22 billion for the quarter. Sell-side analysts forecast that ENI will post 6.08 EPS for the current fiscal year.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. raised its position in ENI by 1.7% in the 1st quarter. Sei Investments Co. now owns 12,011 shares of the oil and gas exploration company’s stock valued at $680,000 after buying an additional 204 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in ENI by 2.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 7,401 shares of the oil and gas exploration company’s stock valued at $419,000 after buying an additional 210 shares during the last quarter. Checchi Capital Advisers LLC raised its position in ENI by 2.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 11,071 shares of the oil and gas exploration company’s stock valued at $627,000 after buying an additional 213 shares during the last quarter. Gallacher Capital Management LLC raised its position in ENI by 1.2% in the 1st quarter. Gallacher Capital Management LLC now owns 21,356 shares of the oil and gas exploration company’s stock valued at $1,209,000 after buying an additional 254 shares during the last quarter. Finally, MGO One Seven LLC grew its stake in ENI by 2.3% in the 4th quarter. MGO One Seven LLC now owns 11,882 shares of the oil and gas exploration company’s stock valued at $451,000 after purchasing an additional 263 shares during the period. 1.18% of the stock is owned by hedge funds and other institutional investors.

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.