ENI (NYSE:E) Rating Lowered to “Hold” at Wall Street Zen

ENI (NYSE:E) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts also recently commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Erste Group Bank raised ENI to a “strong-buy” rating in a research note on Wednesday, February 18th. Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. Finally, Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, March 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Stock Performance

E opened at $55.16 on Friday. The stock has a market capitalization of $93.11 billion, a price-to-earnings ratio of 32.45 and a beta of 0.57. The company has a fifty day moving average of $45.71 and a 200 day moving average of $39.86. ENI has a fifty-two week low of $24.65 and a fifty-two week high of $55.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.19.

ENI (NYSE:E) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas exploration company reported $0.02 EPS for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. The business had revenue of $24.64 billion for the quarter. As a group, sell-side analysts forecast that ENI will post 3.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. DV Equities LLC bought a new position in ENI during the fourth quarter valued at $35,000. MAI Capital Management lifted its holdings in shares of ENI by 2,488.4% in the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 1,070 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of ENI by 56.8% during the 4th quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares during the period. Advisory Services Network LLC bought a new position in ENI during the 3rd quarter valued at about $47,000. Finally, Larson Financial Group LLC grew its holdings in ENI by 37.5% during the 3rd quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 378 shares during the last quarter. 1.18% of the stock is owned by hedge funds and other institutional investors.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.