ENI (NYSE:E) Lowered to Hold Rating by Wall Street Zen

ENI (NYSE:E) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other equities analysts have also recently issued reports on E. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research note on Wednesday, January 21st. Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $34.60.

ENI Price Performance

Shares of NYSE:E opened at $55.16 on Friday. The firm has a market capitalization of $93.11 billion, a PE ratio of 32.45 and a beta of 0.57. The company has a current ratio of 1.19, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. ENI has a 1-year low of $24.65 and a 1-year high of $55.38. The business’s 50 day moving average is $45.71 and its 200-day moving average is $39.79.

ENI (NYSE:E) last issued its earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a return on equity of 9.27% and a net margin of 3.07%.The business had revenue of $24.64 billion during the quarter. Sell-side analysts predict that ENI will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. DV Equities LLC bought a new stake in shares of ENI during the fourth quarter worth $35,000. MAI Capital Management boosted its holdings in ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 1,070 shares during the last quarter. Manchester Capital Management LLC increased its position 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. Advisory Services Network LLC acquired a new stake in ENI in the third quarter worth about $47,000. Finally, CIBC Private Wealth Group LLC bought a new stake in ENI during the 3rd quarter worth about $48,000. 1.18% of the stock is currently owned by institutional investors.

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.