Sanford C. Bernstein Lowers ENI (NYSE:E) to Market Perform

ENI (NYSE:E) was downgraded by equities research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Monday, FinViz reports.

A number of other equities research analysts have also recently weighed in on the company. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. StockNews.com lowered ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research note on Monday, July 29th. Finally, BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.60.

ENI Price Performance

ENI stock opened at $31.53 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28. ENI has a one year low of $28.82 and a one year high of $34.30. The company has a market cap of $53.22 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The business has a fifty day moving average of $31.46 and a two-hundred day moving average of $31.54.

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

Institutional Trading of ENI

A number of large investors have recently made changes to their positions in E. Allspring Global Investments Holdings LLC purchased a new position in ENI in the 1st quarter valued at about $74,000. GAMMA Investing LLC boosted its holdings in shares of ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the last quarter. Barometer Capital Management Inc. acquired a new stake in shares of ENI during the fourth quarter worth $119,000. Toronto Dominion Bank acquired a new position in ENI in the first quarter valued at $172,000. Finally, Arkadios Wealth Advisors acquired a new position in ENI in the first quarter valued at $218,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.