ENI (NYSE:E) Rating Lowered to Hold at StockNews.com

ENI (NYSE:E) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Several other equities research analysts have also recently commented on E. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus lowered ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Finally, Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price on the stock in a research note on Thursday, August 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ENI has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Price Performance

ENI stock opened at $30.54 on Friday. The firm has a market capitalization of $51.55 billion, a P/E ratio of 13.16, a PEG ratio of 1.20 and a beta of 0.96. The business has a 50-day moving average of $31.37 and a 200-day moving average of $31.51. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. ENI has a 1 year low of $28.82 and a 1 year high of $34.30.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. On average, equities analysts anticipate that ENI will post 4.29 EPS for the current year.

Hedge Funds Weigh In On ENI

Large investors have recently modified their holdings of the stock. Truist Financial Corp acquired a new position in shares of ENI in the fourth quarter valued at approximately $272,000. Private Advisor Group LLC lifted its holdings in shares of ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 466 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of ENI by 25.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock valued at $5,933,000 after acquiring an additional 34,998 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of ENI by 8.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 46,759 shares of the oil and gas exploration company’s stock valued at $1,590,000 after acquiring an additional 3,575 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of ENI by 4.6% in the fourth quarter. Quadrant Capital Group LLC now owns 16,142 shares of the oil and gas exploration company’s stock valued at $549,000 after acquiring an additional 705 shares in the last quarter. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.