Zacks Research Downgrades ENI (NYSE:E) to Hold

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

Several other equities research analysts also recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research note on Monday, March 2nd. Erste Group Bank upgraded shares of ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Monday, April 20th. Finally, BNP Paribas Exane upgraded shares of ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research note on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.30.

ENI Price Performance

ENI stock opened at $53.61 on Monday. ENI has a 1 year low of $29.20 and a 1 year high of $58.00. The firm has a 50 day moving average price of $54.80 and a 200 day moving average price of $45.40. The company has a market cap of $90.49 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 0.23 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.16.

ENI (NYSE:E) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.79 earnings per share (EPS) for the quarter. ENI had a net margin of 3.37% and a return on equity of 9.21%. The firm had revenue of $23.22 billion during the quarter. Sell-side analysts predict that ENI will post 6.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in E. Arrowstreet Capital Limited Partnership purchased a new position in shares of ENI in the first quarter valued at $63,334,000. Natixis Advisors LLC boosted its stake in shares of ENI by 6.6% in the third quarter. Natixis Advisors LLC now owns 3,113,710 shares of the oil and gas exploration company’s stock valued at $108,824,000 after purchasing an additional 192,646 shares during the period. Capital Wealth Planning LLC boosted its stake in shares of ENI by 109.7% in the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after purchasing an additional 160,324 shares during the period. American Century Companies Inc. boosted 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 purchasing an additional 158,699 shares during the period. Finally, Arosa Capital Management LP purchased a new position in shares of ENI in the fourth quarter valued at $4,173,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

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.