StockNews.com upgraded shares of ENI (NYSE:E – Free Report) 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.
Check Out Our Latest Stock Analysis on ENI
ENI Stock Performance
ENI (NYSE:E – Get Free Report) 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.
Featured Stories
- Five stocks we like better than ENI
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- Financial Services Stocks Investing
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.