ENI (NYSE:E) Rating Increased to Strong-Buy at Zacks Research

ENI (NYSE:E) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Erste Group Bank raised shares of ENI to a “strong-buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. JPMorgan Chase & Co. upgraded ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research report on Thursday, January 8th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat, ENI presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.60.

ENI Stock Performance

Shares of E stock opened at $54.86 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.04. The business has a fifty day moving average of $46.73 and a 200 day moving average of $40.26. The firm has a market capitalization of $92.61 billion, a price-to-earnings ratio of 32.27 and a beta of 0.57. ENI has a 1 year low of $24.65 and a 1 year high of $57.58.

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

Institutional Investors Weigh In On ENI

Several large investors have recently bought and sold shares of the stock. New York State Common Retirement Fund purchased a new stake in shares of ENI during the third quarter worth approximately $2,016,000. Trek Financial LLC purchased a new position in ENI in the third quarter worth approximately $4,128,000. Fisher Asset Management LLC grew its holdings in ENI by 25.2% during the 2nd quarter. Fisher Asset Management LLC now owns 143,622 shares of the oil and gas exploration company’s stock worth $4,656,000 after acquiring an additional 28,926 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in ENI during the 4th quarter worth approximately $923,000. Finally, American Century Companies Inc. increased its position in shares of ENI by 33.2% in the 3rd quarter. American Century Companies Inc. now owns 636,891 shares of the oil and gas exploration company’s stock valued at $22,259,000 after purchasing an additional 158,699 shares during the last quarter. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

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.