ENI (NYSE:E) Stock Rating Upgraded by StockNews.com

ENI (NYSE:E) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other equities research analysts also recently commented on E. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein cut shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Morgan Stanley reissued an “equal weight” rating and set a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, UBS Group cut shares of ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, ENI currently has an average rating of “Hold” and an average price target of $31.60.

ENI Price Performance

Shares of E opened at $28.71 on Wednesday. ENI has a fifty-two week low of $26.12 and a fifty-two week high of $33.78. The firm’s 50-day simple moving average is $28.12 and its two-hundred day simple moving average is $30.12. The stock has a market cap of $48.45 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Trading of ENI

Hedge funds and other institutional investors have recently modified their holdings of the company. Ballentine Partners LLC purchased a new stake in shares of ENI during the fourth quarter worth about $235,000. Park Avenue Securities LLC purchased a new stake in ENI during the 4th quarter valued at approximately $216,000. JPMorgan Chase & Co. raised its position in shares of ENI by 277.5% during the third quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company’s stock valued at $939,000 after buying an additional 22,768 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of ENI by 9.8% in the third quarter. Tidal Investments LLC now owns 40,744 shares of the oil and gas exploration company’s stock worth $1,235,000 after buying an additional 3,641 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its position in shares of ENI by 9.5% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company’s stock worth $3,386,000 after acquiring an additional 9,700 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

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.