ENI (NYSE:E) Raised to Buy at StockNews.com

ENI (NYSE:E) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

E has been the topic of a number of other reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, ENI has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Price Performance

Shares of NYSE E opened at $28.39 on Wednesday. The firm has a market cap of $47.92 billion, a P/E ratio of 17.00, a PEG ratio of 1.66 and a beta of 0.93. ENI has a twelve month low of $26.12 and a twelve month high of $33.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $28.15 and a 200 day moving average of $30.13.

Institutional Trading of ENI

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake 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 worth $93,000 after buying an additional 633 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in ENI during the 3rd quarter worth approximately $212,000. Park Avenue Securities LLC purchased a new position in ENI during the fourth quarter valued at approximately $216,000. Townsquare Capital LLC bought a new position in shares of ENI in the third quarter worth approximately $231,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of ENI by 38.9% in 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 purchasing an additional 2,155 shares during the period. 1.18% of the stock is currently owned by institutional investors.

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.