ENI (NYSE:E) Upgraded at StockNews.com

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price objective on the stock in a research note on Thursday, August 29th. Finally, BNP Paribas raised ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.60.

ENI Stock Down 0.4 %

E opened at $30.30 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. ENI has a twelve month low of $28.82 and a twelve month high of $34.30. The company has a market cap of $51.15 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 1.30 and a beta of 0.95. The company has a 50-day moving average price of $31.21 and a 200 day moving average price of $31.26.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP acquired a new stake in ENI in the 2nd quarter valued at approximately $6,875,000. Manning & Napier Advisors LLC acquired a new stake in shares of ENI in the second quarter valued at $3,764,000. Teachers Retirement System of The State of Kentucky purchased a new stake in shares of ENI in the 2nd quarter valued at $3,141,000. Lighthouse Investment Partners LLC acquired a new position in ENI during the 2nd quarter worth about $3,079,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in ENI by 269.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 118,755 shares of the oil and gas exploration company’s stock valued at $3,656,000 after acquiring an additional 86,620 shares during the period. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.