ENI (NYSE:E) Downgraded to “Hold” Rating by Erste Group Bank

ENI (NYSE:E) was downgraded by research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on E. Royal Bank Of Canada boosted their price objective on shares of ENI from $24.00 to $28.00 and gave the company a “sector perform” rating in a report on Thursday, April 9th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a research note on Friday, April 17th. Rothschild & Co Redburn raised ENI from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Stock Down 3.2%

ENI stock opened at $47.16 on Thursday. The firm has a market cap of $79.61 billion, a price-to-earnings ratio of 27.10, a PEG ratio of 0.21 and a beta of 0.38. The stock has a fifty day simple moving average of $53.51 and a two-hundred day simple moving average of $47.53. ENI has a 12 month low of $31.87 and a 12 month high of $58.00. The company has a current ratio of 1.16, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

ENI (NYSE:E) last announced its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a return on equity of 9.21% and a net margin of 3.37%.The firm had revenue of $23.22 billion for the quarter. Equities analysts predict that ENI will post 6.07 EPS for the current fiscal year.

Institutional Trading of ENI

Several hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new position in shares of ENI during the 1st quarter valued at about $63,334,000. Natixis Advisors LLC raised its position in shares of ENI by 6.6% during the 3rd quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after purchasing an additional 192,646 shares during the period. Capital Wealth Planning LLC boosted its holdings in ENI by 109.7% in the 4th quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after buying an additional 160,324 shares during the period. American Century Companies Inc. increased its stake in ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock worth $22,259,000 after buying an additional 158,699 shares in the last quarter. Finally, Optiver Holding B.V. bought a new stake in ENI during the first quarter valued at about $6,586,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.