ENI (NYSE:E) Lowered to “Strong Sell” Rating by Zacks Research

ENI (NYSE:E) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently commented on E. Citigroup reiterated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, ENI has a consensus rating of “Hold” and an average target price of $34.60.

ENI Price Performance

Shares of NYSE:E opened at $38.72 on Wednesday. The company has a market capitalization of $65.83 billion, a PE ratio of 21.16 and a beta of 0.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The stock has a fifty day moving average of $37.73 and a 200-day moving average of $35.98. ENI has a one year low of $24.65 and a one year high of $39.41.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of E. NewSquare Capital LLC lifted its stake in shares of ENI by 179.3% in the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. MAI Capital Management boosted its holdings 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 valued at $36,000 after purchasing an additional 1,070 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ENI in the 3rd quarter valued at $47,000. CIBC Private Wealth Group LLC bought a new stake in ENI in the third quarter valued at $48,000. Finally, Larson Financial Group LLC increased its position 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 worth $48,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds 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.