ENI (NYSE:E) Stock Rating Upgraded by StockNews.com

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

Several other brokerages have also recently weighed in on E. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 price objective (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Finally, Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, ENI has an average rating of “Hold” and a consensus target price of $31.60.

ENI Stock Up 0.6 %

Shares of NYSE:E opened at $28.39 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The business’s 50 day simple moving average is $28.15 and its two-hundred day simple moving average is $30.13. The firm has a market cap of $47.92 billion, a P/E ratio of 17.00, a PEG ratio of 1.66 and a beta of 0.93.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in E. HighTower Advisors LLC increased its stake in shares of ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after purchasing an additional 26,646 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ENI by 100.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock worth $2,158,000 after buying an additional 35,730 shares during the last quarter. Lighthouse Investment Partners LLC bought a new position in ENI during the 2nd quarter valued at approximately $3,079,000. Stifel Financial Corp raised its stake in ENI by 248.5% during the third quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock valued at $1,106,000 after buying an additional 26,013 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in ENI by 24,141.0% in the third quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock worth $287,000 after acquiring an additional 9,415 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

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.