ENI (NYSE:E) Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of ENI (NYSE:E) from a buy rating to a hold rating in a research report sent to investors on Friday.

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

ENI Trading Up 1.3 %

Shares of ENI stock opened at $30.93 on Friday. ENI has a fifty-two week low of $28.82 and a fifty-two week high of $34.30. The business’s fifty day moving average is $31.36 and its two-hundred day moving average is $31.52. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market cap of $52.21 billion, a PE ratio of 13.33, a P/E/G ratio of 1.26 and a beta of 0.96.

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

Institutional Investors Weigh In On ENI

A number of large investors have recently modified their holdings of the stock. Truist Financial Corp acquired a new stake in ENI during the 4th quarter valued at $272,000. Private Advisor Group LLC increased its position in shares of ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after acquiring an additional 466 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of ENI by 25.1% in the fourth 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 acquiring an additional 34,998 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in ENI by 8.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 46,759 shares of the oil and gas exploration company’s stock valued at $1,590,000 after purchasing an additional 3,575 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in ENI by 4.6% in the fourth quarter. Quadrant Capital Group LLC now owns 16,142 shares of the oil and gas exploration company’s stock valued at $549,000 after purchasing an additional 705 shares during the last quarter. 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.