ENI (NYSE:E – Get Free Report) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, FlyOnTheWall reports.
Other research analysts have also issued reports about the stock. HSBC lowered shares of ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research note on Thursday, September 14th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, ENI currently has an average rating of “Moderate Buy” and a consensus price target of $17.40.
Read Our Latest Stock Report on ENI
ENI Trading Down 1.8 %
E opened at $31.72 on Friday. The stock has a market capitalization of $56.64 billion, a P/E ratio of 5.84 and a beta of 1.05. ENI has a 12 month low of $20.38 and a 12 month high of $33.00. The firm’s fifty day simple moving average is $30.90 and its 200 day simple moving average is $29.42. The company has a current ratio of 1.44, a quick ratio of 1.26 and a debt-to-equity ratio of 0.40.
ENI (NYSE:E – Get Free Report) last posted its quarterly earnings data on Friday, July 28th. The oil and gas exploration company reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The business had revenue of $21.57 billion for the quarter. ENI had a net margin of 7.73% and a return on equity of 19.54%. As a group, research analysts anticipate that ENI will post 5.15 EPS for the current fiscal year.
Institutional Trading of ENI
A number of institutional investors have recently bought and sold shares of E. Macquarie Group Ltd. lifted its holdings in shares of ENI by 0.8% during the 1st quarter. Macquarie Group Ltd. now owns 1,213,933 shares of the oil and gas exploration company’s stock worth $33,990,000 after acquiring an additional 9,111 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of ENI by 139.3% during the 1st quarter. Ritholtz Wealth Management now owns 17,403 shares of the oil and gas exploration company’s stock worth $487,000 after acquiring an additional 10,130 shares during the period. Coastal Investment Advisors Inc. bought a new position in ENI in the 1st quarter valued at approximately $213,000. Greenleaf Trust lifted its stake in ENI by 3.5% in the 1st quarter. Greenleaf Trust now owns 12,646 shares of the oil and gas exploration company’s stock valued at $354,000 after purchasing an additional 427 shares during the last quarter. Finally, Meritage Portfolio Management boosted its position in ENI by 48.6% in the first quarter. Meritage Portfolio Management now owns 133,944 shares of the oil and gas exploration company’s stock valued at $3,750,000 after buying an additional 43,834 shares in the last quarter. Institutional investors own 1.32% of the company’s stock.
About ENI
Eni S.p.A. operates as an integrated energy company worldwide. It 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. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
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