ENI (NYSE:E) Rating Lowered to “Hold” at Wall Street Zen

ENI (NYSE:E) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other brokerages have also recently issued reports on E. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. Hsbc Global Res downgraded ENI from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday. Finally, Zacks Research downgraded ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 23rd. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Price Performance

NYSE:E opened at $37.34 on Monday. The company has a market cap of $63.00 billion, a P/E ratio of 20.40 and a beta of 0.61. The firm’s fifty day moving average price is $37.49 and its two-hundred day moving average price is $35.64. ENI has a one year low of $24.65 and a one year high of $39.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98.

ENI (NYSE:E) last posted its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. ENI had a net margin of 3.20% and a return on equity of 8.53%. The company had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. Equities analysts expect that ENI will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of E. NewSquare Capital LLC raised its stake in ENI by 179.3% in the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 588 shares in the last quarter. MAI Capital Management lifted its stake in ENI by 2,488.4% during the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares during the last quarter. Advisory Services Network LLC acquired a new stake in ENI in the third quarter valued at about $47,000. CIBC Private Wealth Group LLC acquired a new position in ENI during the 3rd quarter worth approximately $48,000. Finally, Larson Financial Group LLC increased its holdings in shares of ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock worth $48,000 after buying an additional 378 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.