Zacks Research Downgrades ENI (NYSE:E) to Hold

ENI (NYSE:E) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the company. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Royal Bank Of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a report on Tuesday, September 2nd. Hsbc Global Res cut shares of ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Morgan Stanley set a $34.60 price objective on shares of ENI in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. cut shares of ENI from an “overweight” rating to an “underweight” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.60.

ENI Trading Up 0.0%

E stock opened at $37.83 on Tuesday. The company has a market capitalization of $63.86 billion, a PE ratio of 20.67 and a beta of 0.62. 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 one year low of $24.65 and a one year high of $38.47. The company’s 50 day moving average price is $37.04 and its two-hundred day moving average price is $35.14.

ENI (NYSE:E) last released its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. ENI had a return on equity of 8.53% and a net margin of 3.20%.The company had revenue of $24.11 billion during the quarter, compared to analyst estimates of $19.88 billion. As a group, analysts predict that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently modified their holdings of E. CIBC Private Wealth Group LLC bought a new stake in shares of ENI in the third quarter worth $48,000. Advisory Services Network LLC purchased a new position in ENI in the third quarter worth about $47,000. United Capital Financial Advisors LLC boosted its position in ENI by 5.0% in the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock worth $253,000 after purchasing an additional 347 shares during the last quarter. Larson Financial Group LLC grew its stake 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 valued at $48,000 after purchasing an additional 378 shares during the period. Finally, Flow Traders U.S. LLC purchased a new stake in shares of ENI during the 3rd quarter valued at about $319,000. 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.