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

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research report released on Thursday.

Several other research firms also recently weighed in on E. Royal Bank of Canada raised ENI from a sector perform rating to an outperform rating in a research note on Monday, July 29th. Stifel Nicolaus downgraded ENI from a buy rating to a hold rating in a research report on Friday, July 19th. Redburn Atlantic raised ENI from a neutral rating to a buy rating in a research report on Tuesday, June 25th. Finally, Morgan Stanley raised ENI from an equal weight rating to an overweight rating and set a $39.60 price target for the company in a research report on Thursday, August 29th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $39.60.

ENI Stock Performance

NYSE E opened at $30.96 on Thursday. ENI has a 1-year low of $28.82 and a 1-year high of $34.30. The company has a market capitalization of $52.26 billion, a P/E ratio of 13.34, a PEG ratio of 1.30 and a beta of 0.96. The business has a 50 day moving average price of $31.43 and a 200 day moving average price of $31.53. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.28 and a quick ratio of 1.09.

ENI (NYSE:E) last released its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). ENI had a net margin of 4.21% and a return on equity of 11.84%. The firm had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. Sell-side analysts expect that ENI will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On ENI

Several hedge funds have recently bought and sold shares of E. GAMMA Investing LLC boosted its holdings in shares of ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of ENI by 5.1% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company’s stock worth $310,000 after purchasing an additional 439 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of ENI by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 466 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of ENI by 0.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 58,884 shares of the oil and gas exploration company’s stock worth $1,868,000 after purchasing an additional 470 shares during the last quarter. Finally, Gallacher Capital Management LLC boosted its holdings in shares of ENI by 3.3% during the second quarter. Gallacher Capital Management LLC now owns 15,726 shares of the oil and gas exploration company’s stock worth $484,000 after purchasing an additional 504 shares during the last quarter. Hedge funds and other institutional investors 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.