ENI (NYSE:E) Downgraded to “Hold” Rating by StockNews.com

ENI (NYSE:E) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

A number of other analysts also recently issued reports on E. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Morgan Stanley reiterated an “equal weight” rating and set a $31.60 price target (down from $37.50) on shares of ENI in a report on Tuesday. Finally, Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, ENI presently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Price Performance

NYSE:E traded up $0.03 during trading hours on Tuesday, reaching $28.22. The stock had a trading volume of 327,135 shares, compared to its average volume of 278,834. The stock has a market capitalization of $47.63 billion, a PE ratio of 16.90, a PEG ratio of 1.68 and a beta of 0.93. ENI has a 52 week low of $26.12 and a 52 week high of $33.78. The company has a 50 day moving average price of $28.38 and a two-hundred day moving average price of $30.22. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Caprock Group LLC lifted its holdings in shares of ENI by 3.9% during the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares during the period. MML Investors Services LLC raised its position in ENI by 7.6% during the 3rd quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company’s stock worth $247,000 after buying an additional 576 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in ENI by 5.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company’s stock worth $329,000 after buying an additional 608 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in ENI by 5.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after acquiring an additional 626 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of ENI by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 633 shares during the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.