ENI (NYSE:E) Stock Gets Downgrade from 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 research report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on E. BNP Paribas Exane downgraded ENI from an “outperform” rating to a “neutral” rating and set a $56.30 price target on the stock. in a report on Wednesday, October 7th. Santander cut ENI to a “neutral” rating in a research report on Monday, October 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of ENI in a report on Tuesday, September 8th. Grupo Santander raised shares of ENI to an “outperform” rating in a report on Wednesday, July 8th. Finally, Berenberg Bank raised their price target on ENI from $51.00 to $59.50 and gave the company a “hold” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, ENI presently has a consensus rating of “Moderate Buy” and an average price target of $58.45.

ENI Trading Down 0.1%

NYSE:E opened at $60.72 on Friday. ENI has a 12 month low of $36.13 and a 12 month high of $62.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.00. The business’s 50-day moving average is $56.13 and its two-hundred day moving average is $51.76. The firm has a market capitalization of $102.49 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 0.19 and a beta of 0.41.

ENI (NYSE:E) last announced its quarterly earnings data on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.26. ENI had a return on equity of 13.84% and a net margin of 8.78%. The company had revenue of $29.49 billion for the quarter, compared to analyst estimates of $25.89 billion. Research analysts predict that ENI will post 6.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Optiver Holding B.V. acquired a new stake in ENI in the first quarter valued at $6,586,000. Quantinno Capital Management LP grew its position in ENI by 13.2% in the first quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company’s stock worth $25,698,000 after acquiring an additional 52,901 shares in the last quarter. TD Waterhouse Canada Inc. acquired a new position in shares of ENI during the 3rd quarter worth about $4,222,000. NewEdge Advisors LLC grew its holdings in shares of ENI by 23,909.6% during the 2nd quarter. NewEdge Advisors LLC now owns 12,485 shares of the oil and gas exploration company’s stock worth $585,000 after purchasing an additional 12,433 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ENI in the 1st quarter valued at $63,334,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.