ENI (NYSE:E) Upgraded at Zacks Research

Zacks Research upgraded shares of ENI (NYSE:E) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research firms have also weighed in on E. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Saturday, February 28th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a research report on Wednesday, January 21st. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised ENI from an “underweight” rating to an “overweight” rating in a research note on Monday. Finally, UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, ENI presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.60.

ENI Price Performance

NYSE:E opened at $46.77 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. ENI has a 12-month low of $24.65 and a 12-month high of $47.80. The stock’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $37.88.

ENI (NYSE:E) last released its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.09. The firm had revenue of $24.33 billion for the quarter, compared to analyst estimates of $19.45 billion. ENI had a return on equity of 9.22% and a net margin of 3.07%. On average, equities analysts predict that ENI will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On ENI

Hedge funds have recently added to or reduced their stakes in the business. NewSquare Capital LLC grew its position in shares of ENI by 179.3% during the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 588 shares during the period. DV Equities LLC bought a new position in ENI during the fourth quarter worth $35,000. MAI Capital Management boosted 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 acquiring an additional 1,070 shares in the last quarter. Manchester Capital Management LLC grew its holdings in ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares during the period. Finally, Advisory Services Network LLC bought a new stake in ENI in the third quarter valued at $47,000. 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.