ENI (NYSE:E) Downgraded to Hold Rating by StockNews.com

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

E has been the topic of several other reports. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $31.60 price target (down from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, ENI currently has an average rating of “Hold” and an average target price of $31.60.

ENI Stock Down 0.4 %

NYSE E traded down $0.12 during trading hours on Wednesday, hitting $28.00. 210,355 shares of the company were exchanged, compared to its average volume of 294,642. The company has a 50 day moving average of $27.91 and a two-hundred day moving average of $29.95. The firm has a market cap of $47.25 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.82 and a beta of 0.93. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On ENI

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its holdings in shares of ENI by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after buying an additional 633 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ENI during the fourth quarter worth about $103,000. Wealth Enhancement Advisory Services LLC purchased a new stake in ENI in the 3rd quarter worth $212,000. Park Avenue Securities LLC purchased a new position in ENI during the 4th quarter valued at approximately $216,000. Finally, Townsquare Capital LLC bought a new stake in ENI in the third quarter worth about $231,000. 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.