ENI (NYSE:E) Rating Lowered to “Hold” at StockNews.com

ENI (NYSE:E) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other equities analysts have also recently commented on E. UBS Group cut shares of 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 target price (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $31.60.

ENI Stock Performance

ENI stock opened at $28.43 on Wednesday. ENI has a 1-year low of $26.12 and a 1-year high of $33.78. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $47.98 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93. The firm’s 50 day simple moving average is $27.89 and its 200 day simple moving average is $29.94.

Institutional Trading of ENI

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP grew its position in shares of ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock worth $70,000 after buying an additional 581 shares during the period. GAMMA Investing LLC boosted its stake in ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 633 shares in the last quarter. R Squared Ltd purchased a new stake in ENI in the fourth quarter worth about $103,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of ENI during the third quarter valued at approximately $212,000. Finally, Park Avenue Securities LLC purchased a new position in shares of ENI during the fourth quarter valued at approximately $216,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

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.