ENI (NYSE:E) Earns Equal Weight Rating from Morgan Stanley

ENI (NYSE:E)‘s stock had its “equal weight” rating reaffirmed by Morgan Stanley in a report released on Tuesday, MarketBeat.com reports. They presently have a $31.60 price target on the oil and gas exploration company’s stock, down from their previous price target of $37.50. Morgan Stanley’s price objective would suggest a potential upside of 12.98% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.60.

ENI Trading Down 0.9 %

E opened at $27.97 on Tuesday. The stock has a fifty day moving average price of $28.33 and a 200-day moving average price of $30.20. ENI has a 12 month low of $26.12 and a 12 month high of $33.78. The firm has a market cap of $47.21 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.68 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On ENI

A number of institutional investors have recently modified their holdings of E. GAMMA Investing LLC boosted its holdings in shares of ENI by 25.9% in the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 633 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI during the 3rd quarter worth about $212,000. Townsquare Capital LLC acquired a new position in shares of ENI in the 3rd quarter valued at about $231,000. Allspring Global Investments Holdings LLC grew its stake in ENI by 38.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock worth $233,000 after buying an additional 2,155 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new stake in ENI in the 3rd quarter valued at $239,000. 1.18% of the stock is owned by institutional investors and hedge funds.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.