ENI (NYSE:E) Stock Rating Upgraded by Erste Group Bank

ENI (NYSE:E) was upgraded by analysts at Erste Group Bank to a “strong-buy” rating in a research report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also commented on E. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Barclays reaffirmed an “overweight” rating on shares of ENI in a research report on Friday, December 12th. JPMorgan Chase & Co. downgraded shares of ENI from an “overweight” rating to an “underweight” rating in a report on Friday, December 5th. Citigroup restated a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Stock Performance

NYSE:E opened at $43.91 on Wednesday. ENI has a 52 week low of $24.65 and a 52 week high of $43.94. The firm has a 50-day moving average price of $39.58 and a two-hundred day moving average price of $37.17. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of E. NewSquare Capital LLC grew its stake in shares of ENI by 179.3% during the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 588 shares during the last quarter. DV Equities LLC purchased a new stake in ENI during the 4th quarter valued at about $35,000. MAI Capital Management grew its position in ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 1,070 shares during the last quarter. Manchester Capital Management LLC increased its stake in ENI by 56.8% in the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares during the period. Finally, Advisory Services Network LLC bought a new stake in ENI in the third quarter valued at approximately $47,000. 1.18% of the stock is currently owned by institutional investors.

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.