ENI (NYSE:E) Raised to Buy at StockNews.com

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

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

ENI Trading Down 0.4 %

Shares of NYSE E traded down $0.13 during trading on Friday, hitting $30.30. 164,428 shares of the company traded hands, compared to its average volume of 293,749. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $51.15 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.29 and a beta of 0.96. The company has a 50-day moving average price of $31.21 and a 200-day moving average price of $31.28. ENI has a 1 year low of $28.82 and a 1 year high of $34.30.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in ENI during the 1st quarter valued at about $74,000. GAMMA Investing LLC grew its holdings in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after buying an additional 404 shares in the last quarter. Toronto Dominion Bank acquired a new stake in ENI in the 1st quarter valued at approximately $172,000. Wealth Enhancement Advisory Services LLC bought a new stake in ENI during the 3rd quarter valued at $212,000. Finally, Pitcairn Co. acquired a new position in ENI during the 1st quarter worth $218,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

About ENI

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.