StockNews.com Upgrades ENI (NYSE:E) to Buy

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

E has been the subject of several other reports. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley restated an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Trading Down 0.6 %

Shares of NYSE E opened at $28.96 on Tuesday. ENI has a twelve month low of $26.12 and a twelve month high of $33.78. The firm has a market cap of $48.88 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The business has a fifty day simple moving average of $27.91 and a two-hundred day simple moving average of $29.79. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in E. Massachusetts Financial Services Co. MA grew its position in shares of ENI by 35.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 280,242 shares of the oil and gas exploration company’s stock valued at $7,667,000 after acquiring an additional 73,511 shares during the period. OLD Mission Capital LLC purchased a new position in ENI during the fourth quarter worth approximately $4,882,000. Orion Portfolio Solutions LLC grew its holdings in ENI by 4.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 70,483 shares of the oil and gas exploration company’s stock valued at $1,928,000 after purchasing an additional 3,104 shares during the period. LPL Financial LLC grew its stake in ENI by 33.1% in the 4th quarter. LPL Financial LLC now owns 32,841 shares of the oil and gas exploration company’s stock valued at $899,000 after acquiring an additional 8,176 shares during the period. Finally, American Century Companies Inc. increased its holdings in ENI by 10.0% in the 4th quarter. American Century Companies Inc. now owns 388,578 shares of the oil and gas exploration company’s stock worth $10,631,000 after acquiring an additional 35,363 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

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.