ENI (NYSE:E) Stock Rating Lowered by Sanford C. Bernstein

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

E has been the subject of several other reports. Redburn Atlantic upgraded shares of ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, StockNews.com downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, ENI presently has an average rating of “Hold” and a consensus target price of $39.60.

ENI Price Performance

Shares of NYSE E opened at $31.60 on Monday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09. ENI has a fifty-two week low of $28.82 and a fifty-two week high of $34.30. The stock has a market capitalization of $53.34 billion, a PE ratio of 13.62, a P/E/G ratio of 1.26 and a beta of 0.96. The business has a fifty day moving average price of $31.49 and a two-hundred day moving average price of $31.53.

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

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently modified their holdings of E. Allspring Global Investments Holdings LLC acquired a new position in shares of ENI in the 1st quarter worth approximately $74,000. GAMMA Investing LLC boosted its holdings in shares of ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after buying an additional 404 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in shares of ENI in the 4th quarter valued at $119,000. Toronto Dominion Bank acquired a new position in shares of ENI in the 1st quarter valued at $172,000. Finally, Arkadios Wealth Advisors acquired a new position in shares of ENI in the 1st quarter valued at $218,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.