ENI (NYSE:E) Cut to “Strong Sell” at Zacks Research

Zacks Research cut shares of ENI (NYSE:E) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

Several other equities analysts have also commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a report on Monday, January 12th. UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. Barclays restated an “overweight” rating on shares of ENI in a research report on Friday, December 12th. Finally, Citigroup reiterated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $34.60.

ENI Price Performance

NYSE:E opened at $39.90 on Wednesday. The business’s 50-day moving average is $37.76 and its 200 day moving average is $36.04. ENI has a 12 month low of $24.65 and a 12 month high of $39.98. The company has a market capitalization of $65.46 billion, a P/E ratio of 21.80 and a beta of 0.61. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last released its quarterly earnings data 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. The business had revenue of $24.11 billion for the quarter, compared to the consensus estimate of $19.88 billion. ENI had a return on equity of 8.53% and a net margin of 3.20%. On average, equities research analysts forecast that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Trading of ENI

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewSquare Capital LLC boosted its position in ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 588 shares during the period. MAI Capital Management raised its position in ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 1,070 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of ENI in the 3rd quarter worth $47,000. CIBC Private Wealth Group LLC bought a new position in shares of ENI during the 3rd quarter worth $48,000. Finally, Larson Financial Group LLC grew its position in shares of ENI by 37.5% during the 3rd 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. 1.18% of the stock is currently owned by institutional investors.

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.