ENI (NYSE:E) Upgraded to Hold at Zacks Research

ENI (NYSE:E) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on E. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research note on Saturday. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Dbs Bank raised ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings upgraded ENI from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Stock Up 1.1%

E opened at $55.49 on Monday. ENI has a fifty-two week low of $34.03 and a fifty-two week high of $58.00. The firm has a market capitalization of $93.67 billion, a P/E ratio of 14.19, a PEG ratio of 0.25 and a beta of 0.39. The company’s 50-day moving average is $50.72 and its 200 day moving average is $50.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05.

ENI (NYSE:E) last issued its quarterly earnings data on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. Research analysts expect that ENI will post 5.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ENI

Several institutional investors have recently bought and sold shares of E. Royal Bank of Canada raised its stake in shares of ENI by 2.1% in the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock valued at $2,141,000 after buying an additional 1,420 shares during the period. AQR Capital Management LLC grew its stake in shares of ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock worth $472,000 after acquiring an additional 495 shares during the period. Cetera Investment Advisers increased its holdings in ENI by 8.4% in the 2nd quarter. Cetera Investment Advisers now owns 11,232 shares of the oil and gas exploration company’s stock worth $364,000 after acquiring an additional 870 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in ENI by 60.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 45,348 shares of the oil and gas exploration company’s stock worth $1,470,000 after acquiring an additional 17,133 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in ENI by 60.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,437 shares of the oil and gas exploration company’s stock valued at $500,000 after acquiring an additional 5,831 shares during the period. Hedge funds and other 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.