ENI (NYSE:E) Raised to Buy at Wall Street Zen

ENI (NYSE:E) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the stock. Dbs Bank raised shares of ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. BNP Paribas Exane raised shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective on the stock in a research report on Friday, April 17th. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of ENI from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $42.30.

ENI Price Performance

NYSE:E opened at $53.55 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $50.66 and its two-hundred day moving average price is $50.29. The firm has a market capitalization of $90.39 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.25 and a beta of 0.39. ENI has a 12-month low of $34.03 and a 12-month high of $58.00.

ENI (NYSE:E) last issued its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping the consensus estimate of $1.66 by $0.10. The company had revenue of $25.87 billion during the quarter, compared to the consensus estimate of $27.93 billion. ENI had a return on equity of 11.27% and a net margin of 6.51%. On average, analysts anticipate that ENI will post 5.63 earnings per share for the current year.

Hedge Funds Weigh In On ENI

Several institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC raised its stake in ENI by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock worth $124,411,000 after purchasing an additional 165,454 shares in the last quarter. Morgan Stanley increased its holdings in shares of ENI by 0.6% during the fourth quarter. Morgan Stanley now owns 3,019,566 shares of the oil and gas exploration company’s stock worth $114,562,000 after purchasing an additional 16,671 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of ENI by 2.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,353,911 shares of the oil and gas exploration company’s stock worth $51,367,000 after purchasing an additional 38,688 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of ENI in the first quarter valued at approximately $63,334,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of ENI by 8.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 589,265 shares of the oil and gas exploration company’s stock valued at $22,357,000 after buying an additional 44,588 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.