ENI (NYSE:E) Stock Rating Upgraded by 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 Thursday.

A number of other research analysts have also weighed in on the company. Redburn Atlantic raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Finally, Morgan Stanley raised shares of 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. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Price Performance

Shares of E opened at $31.29 on Thursday. The firm has a fifty day moving average price of $31.41 and a 200 day moving average price of $31.51. The stock has a market cap of $52.82 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. ENI has a 1-year low of $28.82 and a 1-year high of $34.30. 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 (NYSE:E) last issued its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion during the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. As a group, sell-side analysts anticipate that ENI will post 4.16 EPS for the current year.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently made changes to their positions in the stock. Truist Financial Corp acquired a new position in shares of ENI in the 4th quarter valued at about $272,000. Private Advisor Group LLC lifted its position in 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 valued at $471,000 after buying an additional 466 shares in the last quarter. Donoghue Forlines LLC purchased a new stake in ENI during the fourth quarter worth approximately $551,000. JFS Wealth Advisors LLC increased its position in shares of ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after acquiring an additional 669 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position 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. 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.