ENI (NYSE:E) Stock Rating Upgraded by StockNews.com

ENI (NYSE:E) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Berenberg Bank lowered shares of ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th.

ENI Stock Performance

NYSE E opened at $33.12 on Friday. ENI has a 52-week low of $26.50 and a 52-week high of $34.30. The company has a 50-day simple moving average of $31.62 and a 200 day simple moving average of $32.20. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.30. The company has a market capitalization of $55.91 billion, a PE ratio of 10.97 and a beta of 1.01.

ENI (NYSE:E) last posted its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.16). ENI had a return on equity of 14.91% and a net margin of 5.00%. The company had revenue of $26.95 billion for the quarter, compared to analysts’ expectations of $19.86 billion. On average, research analysts predict that ENI will post 4.37 EPS for the current year.

Institutional Investors Weigh In On ENI

A number of institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. bought a new stake in ENI in the third quarter worth $27,000. Atlas Capital Advisors LLC bought a new stake in ENI in the fourth quarter worth $38,000. JFS Wealth Advisors LLC lifted its position in 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 buying an additional 669 shares during the last quarter. Captrust Financial Advisors lifted its position in ENI by 114.6% in the second quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock worth $50,000 after buying an additional 1,129 shares during the last quarter. Finally, Allworth Financial LP lifted its position in ENI by 61.6% in the third quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock worth $58,000 after buying an additional 687 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.