ENI (NYSE:E) Earns Equal Weight Rating from Morgan Stanley

ENI (NYSE:E)‘s stock had its “equal weight” rating reiterated by investment analysts at Morgan Stanley in a research note issued on Tuesday, MarketBeat reports. They presently have a $31.60 price target on the oil and gas exploration company’s stock, down from their prior price target of $37.50. Morgan Stanley’s target price would suggest a potential upside of 12.98% from the company’s previous close.

A number of other research firms also recently issued reports on E. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $31.60.

ENI Stock Performance

NYSE:E opened at $27.97 on Tuesday. ENI has a 1-year low of $26.12 and a 1-year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The business has a 50 day moving average of $28.33 and a 200 day moving average of $30.20. The company has a market capitalization of $47.21 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.68 and a beta of 0.93.

Institutional Investors Weigh In On ENI

A number of institutional investors and hedge funds have recently modified their holdings of the business. Natixis Advisors LLC grew its stake in ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares in the last quarter. FMR LLC grew its position in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after buying an additional 146,431 shares in the last quarter. Raymond James & Associates increased its stake in shares of ENI by 0.7% during the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after buying an additional 3,738 shares during the period. American Century Companies Inc. raised its holdings in shares of ENI by 7.3% in the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after acquiring an additional 22,695 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in ENI in the second quarter worth about $6,875,000. 1.18% of the stock is owned by institutional investors.

ENI Company Profile

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.