ENI (NYSE:E) Stock Rating Upgraded by Redburn Atlantic

ENI (NYSE:E) was upgraded by stock analysts at Redburn Atlantic from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat reports.

Several other equities analysts have also commented on E. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a research report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

ENI Stock Performance

Shares of ENI stock opened at $30.37 on Tuesday. The company has a 50 day moving average price of $31.39 and a 200 day moving average price of $31.86. The firm has a market capitalization of $51.26 billion, a P/E ratio of 13.09, a PEG ratio of 1.71 and a beta of 0.98. The company has a quick ratio of 1.07, a current ratio of 1.24 and a debt-to-equity ratio of 0.41. ENI has a 52 week low of $27.65 and a 52 week high of $34.30.

ENI (NYSE:E) last posted its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.18). The company had revenue of $25.16 billion for the quarter, compared to analyst estimates of $18.83 billion. ENI had a return on equity of 12.57% and a net margin of 3.95%. Sell-side analysts expect that ENI will post 4.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in E. JFS Wealth Advisors LLC raised its position in ENI by 102.5% during the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock valued at $45,000 after buying an additional 669 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of ENI in the first quarter worth approximately $74,000. Planned Solutions Inc. acquired a new stake in shares of ENI during the fourth quarter worth approximately $84,000. GAMMA Investing LLC purchased a new position in ENI during the fourth quarter valued at approximately $105,000. Finally, Barometer Capital Management Inc. acquired a new position in ENI in the 4th quarter valued at approximately $119,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.