ENI (NYSE:E) Downgraded to Hold Rating by StockNews.com

ENI (NYSE:EGet Free Report) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Seven equities 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, ENI has an average rating of “Hold” and an average price target of $31.60.

View Our Latest Report on ENI

ENI Stock Performance

Shares of E stock opened at $28.43 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The company has a market capitalization of $47.98 billion, a price-to-earnings ratio of 17.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93. ENI has a one year low of $26.12 and a one year high of $33.78. The company’s 50-day moving average is $27.89 and its 200 day moving average is $29.94.

Institutional Trading of ENI

Large investors have recently modified their holdings of the company. Natixis Advisors LLC increased its holdings in ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after buying an additional 288,968 shares during the last quarter. FMR LLC grew its position in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after acquiring an additional 146,431 shares during the period. Raymond James & Associates increased its stake in shares of ENI by 0.7% in the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after purchasing an additional 3,738 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in ENI by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 206,731 shares of the oil and gas exploration company’s stock worth $6,266,000 after purchasing an additional 10,535 shares during the period. Finally, Fisher Asset Management LLC lifted its position in ENI by 9.2% during the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock valued at $3,820,000 after purchasing an additional 10,589 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

(Get Free Report)

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.

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Analyst Recommendations for ENI (NYSE:E)

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