ENI (NYSE:E) Upgraded to “Buy” by StockNews.com

ENI (NYSE:E) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Separately, Berenberg Bank cut ENI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

ENI Trading Up 0.5 %

NYSE:E traded up $0.16 on Friday, hitting $33.12. 169,498 shares of the stock were exchanged, compared to its average volume of 261,144. The stock has a market capitalization of $59.14 billion, a price-to-earnings ratio of 10.97 and a beta of 1.01. ENI has a 52 week low of $26.50 and a 52 week high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.13 and a current ratio of 1.30. The company’s 50-day moving average price is $31.62 and its 200 day moving average price is $32.20.

ENI (NYSE:E) last announced its quarterly earnings data on Wednesday, February 21st. The oil and gas exploration company reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.16). The firm had revenue of $26.95 billion for the quarter, compared to the consensus estimate of $19.86 billion. ENI had a return on equity of 14.91% and a net margin of 5.00%. On average, equities research analysts forecast that ENI will post 4.37 earnings per share for the current year.

Institutional Investors Weigh In On ENI

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in ENI by 319.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,372,317 shares of the oil and gas exploration company’s stock valued at $7,637,000 after buying an additional 1,045,349 shares in the last quarter. Natixis Advisors L.P. grew its holdings in ENI by 20.1% in the 4th quarter. Natixis Advisors L.P. now owns 2,257,556 shares of the oil and gas exploration company’s stock valued at $76,779,000 after buying an additional 377,642 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in ENI by 18.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock valued at $63,936,000 after buying an additional 344,808 shares in the last quarter. Optiver Holding B.V. grew its holdings in ENI by 365.8% in the 4th quarter. Optiver Holding B.V. now owns 335,353 shares of the oil and gas exploration company’s stock valued at $11,405,000 after buying an additional 263,362 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in ENI by 590.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 212,553 shares of the oil and gas exploration company’s stock valued at $6,785,000 after buying an additional 181,770 shares in the last quarter. Institutional investors own 1.18% 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.