ENI’s (E) “Equal Weight” Rating Reiterated at Morgan Stanley

ENI (NYSE:E)‘s stock had its “equal weight” rating reissued by research analysts at Morgan Stanley in a report issued on Tuesday,Benzinga reports. They currently have a $31.60 target price on the oil and gas exploration company’s stock, down from their previous target price of $37.50. Morgan Stanley’s price objective would indicate a potential upside of 12.30% from the stock’s current price.

A number of other research analysts also recently issued reports on E. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI Price Performance

Shares of NYSE E opened at $28.14 on Tuesday. The company has a 50 day moving average of $28.42 and a 200 day moving average of $30.23. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. ENI has a twelve month low of $26.12 and a twelve month high of $33.78. The firm has a market cap of $47.50 billion, a P/E ratio of 16.85, a PEG ratio of 1.68 and a beta of 0.93.

Institutional Trading of ENI

Large investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its holdings in ENI by 125.1% during the third quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company’s stock valued at $1,460,000 after purchasing an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of ENI by 100.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after buying an additional 35,730 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of ENI during the 2nd quarter valued at approximately $3,079,000. Stifel Financial Corp increased its holdings in ENI by 248.5% in the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company’s stock worth $1,106,000 after acquiring an additional 26,013 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in ENI by 24,141.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company’s stock worth $287,000 after acquiring an additional 9,415 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors.

ENI Company Profile

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.