ENI (NYSE:E) Given “Equal Weight” Rating at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of ENI (NYSE:E) in a report published on Tuesday, Marketbeat reports. The brokerage currently has a $31.60 price objective on the oil and gas exploration company’s stock, down from their prior price objective of $37.50.

A number of other research firms also recently commented on E. Jefferies Financial Group restated a “buy” rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Trading Up 0.1 %

NYSE E opened at $28.22 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a 1-year low of $26.12 and a 1-year high of $33.78. The firm’s fifty day simple moving average is $28.38 and its 200-day simple moving average is $30.22. The company has a market capitalization of $47.63 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93.

Hedge Funds Weigh In On ENI

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock worth $93,000 after purchasing an additional 633 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in ENI during the third quarter worth about $212,000. Townsquare Capital LLC bought a new position in ENI during the third quarter valued at about $231,000. Allspring Global Investments Holdings LLC raised its holdings in ENI by 38.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock valued at $233,000 after acquiring an additional 2,155 shares in the last quarter. Finally, Aaron Wealth Advisors LLC bought a new stake in shares of ENI in the 3rd quarter worth approximately $239,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.