ENI (NYSE:E) Stock Rating Upgraded by BNP Paribas

BNP Paribas upgraded shares of ENI (NYSE:E) from an underperform rating to a neutral rating in a research note released on Friday morning, Marketbeat.com reports.

Other equities analysts also recently issued reports about the company. Stifel Nicolaus downgraded ENI from a buy rating to a hold rating in a research report on Friday, July 19th. Redburn Atlantic raised ENI from a neutral rating to a buy rating in a research report on Tuesday, June 25th. Royal Bank of Canada raised ENI from a sector perform rating to an outperform rating in a report on Monday, July 29th. StockNews.com downgraded shares of ENI from a buy rating to a hold rating in a report on Friday. Finally, Morgan Stanley upgraded shares of ENI from an equal weight rating to an overweight rating and set a $39.60 target price for the company in a research note on Thursday, August 29th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, ENI has an average rating of Moderate Buy and a consensus target price of $39.60.

ENI Trading Up 1.3 %

Shares of NYSE E opened at $30.93 on Friday. The business has a fifty day moving average price of $31.36 and a 200 day moving average price of $31.52. ENI has a 1-year low of $28.82 and a 1-year high of $34.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. The stock has a market capitalization of $52.21 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96.

ENI (NYSE:E) last released its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Equities research analysts expect that ENI will post 4.18 EPS for the current fiscal year.

Institutional Trading of ENI

Several institutional investors and hedge funds have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new position in shares of ENI in the 2nd quarter valued at about $3,764,000. Massachusetts Financial Services Co. MA boosted its position in ENI by 25.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 174,445 shares of the oil and gas exploration company’s stock worth $5,933,000 after purchasing an additional 34,998 shares in the last quarter. Dorsey Wright & Associates acquired a new stake in shares of ENI during the 4th quarter worth approximately $2,143,000. Allspring Global Investments Holdings LLC increased its holdings in shares of ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock valued at $171,000 after purchasing an additional 3,218 shares in the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of ENI by 12.9% in the 1st quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock valued at $228,000 after purchasing an additional 820 shares during the period. 1.18% of the stock is currently owned by institutional investors and hedge funds.

About ENI

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.