Zacks Research Upgrades ENI (NYSE:E) to Hold

ENI (NYSE:E) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other analysts have also recently commented on E. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a report on Thursday, January 8th. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Saturday. Finally, UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, ENI has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Price Performance

NYSE E opened at $46.40 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. ENI has a twelve month low of $24.65 and a twelve month high of $47.80. The stock has a fifty day simple moving average of $40.88 and a 200 day simple moving average of $37.81.

ENI (NYSE:E) last announced its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The firm had revenue of $24.33 billion for the quarter, compared to the consensus estimate of $19.45 billion. ENI had a return on equity of 9.22% and a net margin of 3.07%. As a group, analysts predict that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its position in shares of ENI by 6.6% during the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock worth $108,824,000 after purchasing an additional 192,646 shares during the period. Capital Wealth Planning LLC raised its holdings in ENI by 109.7% during the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock worth $11,962,000 after buying an additional 160,324 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of ENI by 33.2% in the third quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after buying an additional 158,699 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ENI during the second quarter valued at about $3,982,000. Finally, Trek Financial LLC bought a new stake in shares of ENI during the third quarter worth about $4,128,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.