ENI’s (E) “Equal Weight” Rating Reiterated at Morgan Stanley

Morgan Stanley reissued their equal weight rating on shares of ENI (NYSE:E) in a research note published on Tuesday morning, Marketbeat.com reports. They currently have a $31.60 target price on the oil and gas exploration company’s stock, down from their previous target price of $37.50.

A number of other brokerages also recently weighed in on E. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Finally, Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Price Performance

ENI stock opened at $27.97 on Tuesday. The firm has a market cap of $47.21 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The stock’s fifty day moving average price is $28.28 and its two-hundred day moving average price is $30.19. ENI has a one year low of $26.12 and a one year high of $33.78.

Institutional Investors Weigh In On ENI

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 633 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in ENI during the 3rd quarter worth approximately $212,000. Townsquare Capital LLC acquired a new position in shares of ENI in the 3rd quarter worth approximately $231,000. Allspring Global Investments Holdings LLC boosted its stake in shares of ENI by 38.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock valued at $233,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Aaron Wealth Advisors LLC bought a new position in ENI during the third quarter worth $239,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.