ENI (NYSE:E) Raised to “Overweight” at JPMorgan Chase & Co.

ENI (NYSE:E) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to an “overweight” rating in a research report issued on Monday, Marketbeat.com reports.

A number of other brokerages have also recently commented on E. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday. Citigroup reissued a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Finally, Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.60.

ENI Trading Down 2.0%

Shares of E stock opened at $46.40 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $40.88 and a 200 day moving average price of $37.81. ENI has a one year low of $24.65 and a one year high of $47.80.

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

Institutional Investors Weigh In On ENI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in E. New York State Common Retirement Fund purchased a new position in shares of ENI in the third quarter worth approximately $2,016,000. RD Lewis Holdings Inc. acquired a new position in ENI in the 2nd quarter worth approximately $2,316,000. Trek Financial LLC purchased a new position in ENI during the 3rd quarter worth approximately $4,128,000. Fisher Asset Management LLC grew its position in ENI by 25.2% during the 2nd quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock worth $4,656,000 after purchasing an additional 28,926 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in ENI during the 2nd quarter valued at $3,982,000. Institutional investors own 1.18% of the company’s stock.

About ENI

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.