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

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

Other research analysts also recently issued research reports about the company. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Morgan Stanley reissued an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.60.

ENI Stock Up 1.1 %

E traded up $0.31 on Tuesday, reaching $29.10. The company’s stock had a trading volume of 219,328 shares, compared to its average volume of 281,545. The stock has a market cap of $49.12 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. ENI has a 1 year low of $26.12 and a 1 year high of $33.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The business’s 50 day moving average is $27.89 and its 200 day moving average is $29.81.

Institutional Trading of ENI

Large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its stake in ENI by 4.1% during the 2nd quarter. AQR Capital Management LLC now owns 17,303 shares of the oil and gas exploration company’s stock valued at $533,000 after purchasing an additional 676 shares in the last quarter. Sanctuary Advisors LLC bought a new position in ENI during the 2nd quarter valued at $369,000. GAMMA Investing LLC boosted its stake in ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after purchasing an additional 633 shares in the last quarter. Carnegie Investment Counsel bought a new position in ENI during the 3rd quarter valued at $253,000. Finally, Creative Planning boosted its stake in ENI by 21.5% during the 3rd quarter. Creative Planning now owns 56,929 shares of the oil and gas exploration company’s stock valued at $1,726,000 after purchasing an additional 10,084 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

About ENI

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.