StockNews.com Upgrades ENI (NYSE:E) to Buy

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

Other equities analysts have also issued reports about the company. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price on the stock in a research note on Thursday, August 29th. Stifel Nicolaus downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, ENI currently has an average rating of “Moderate Buy” and an average price target of $39.60.

ENI Stock Down 0.4 %

Shares of ENI stock opened at $30.30 on Friday. 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 $51.15 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.29 and a beta of 0.95. ENI has a fifty-two week low of $28.82 and a fifty-two week high of $34.30. The business has a 50-day moving average price of $31.21 and a 200 day moving average price of $31.27.

Hedge Funds Weigh In On ENI

Several hedge funds have recently bought and sold shares of E. Manning & Napier Advisors LLC acquired a new stake in ENI during the second quarter worth about $3,764,000. Lighthouse Investment Partners LLC acquired a new stake in shares of ENI in the 2nd quarter valued at $3,079,000. Allspring Global Investments Holdings LLC raised its holdings in ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after purchasing an additional 3,218 shares during the last quarter. Atomi Financial Group Inc. raised its stake in shares of ENI by 12.9% during the first quarter. Atomi Financial Group Inc. now owns 7,195 shares of the oil and gas exploration company’s stock worth $228,000 after buying an additional 820 shares during the last quarter. Finally, Norden Group LLC bought a new stake in shares of ENI during the 1st quarter valued at $437,000. 1.18% of the stock is owned by institutional investors and hedge funds.

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.