ENI (NYSE:E) Lifted to “Neutral” at BNP Paribas

BNP Paribas upgraded shares of ENI (NYSE:E) from an underperform rating to a neutral rating in a report issued on Friday morning, Marketbeat.com reports.

Several other analysts have also recently commented on the stock. Morgan Stanley upgraded shares of ENI from an equal weight rating to an overweight rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Stifel Nicolaus downgraded ENI from a buy rating to a hold rating in a research report on Friday, July 19th. StockNews.com cut ENI from a buy rating to a hold rating in a report on Friday. Royal Bank of Canada raised ENI from a sector perform rating to an outperform rating in a report on Monday, July 29th. Finally, Redburn Atlantic raised shares of ENI from a neutral rating to a buy rating in a report on Tuesday, June 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $39.60.

ENI Price Performance

NYSE E opened at $30.93 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. ENI has a 12 month low of $28.82 and a 12 month high of $34.30. The stock has a market cap of $52.21 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 1.26 and a beta of 0.96. The company’s 50 day moving average is $31.36 and its two-hundred day moving average is $31.52.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The business had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, research analysts anticipate that ENI will post 4.18 earnings per share for the current year.

Institutional Investors Weigh In On ENI

Large investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new stake in shares of ENI in the 2nd quarter worth $369,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of ENI in the second quarter valued at about $3,141,000. Point72 Asset Management L.P. purchased a new stake in ENI in the second quarter worth about $1,250,000. Creative Planning lifted its stake in ENI by 17.9% in the second quarter. Creative Planning now owns 46,845 shares of the oil and gas exploration company’s stock worth $1,442,000 after acquiring an additional 7,127 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new position in ENI during the 2nd quarter worth about $3,079,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.