ENI (NYSE:E) Coverage Initiated at Barclays

Investment analysts at Barclays began coverage on shares of ENI (NYSE:EGet Rating) in a note issued to investors on Wednesday, The Fly reports. The firm set an “overweight” rating on the oil and gas exploration company’s stock.

A number of other research analysts also recently issued reports on the company. BNP Paribas initiated coverage on ENI in a research note on Tuesday, November 8th. They issued an “outperform” rating on the stock. Exane BNP Paribas initiated coverage on ENI in a research note on Tuesday, November 8th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price objective on ENI from €18.50 ($18.88) to €19.00 ($19.39) and gave the company an “overweight” rating in a research note on Monday, September 26th. StockNews.com initiated coverage on ENI in a research note on Wednesday, October 12th. They issued a “strong-buy” rating on the stock. Finally, Morgan Stanley boosted their price objective on ENI from €14.10 ($14.39) to €15.80 ($16.12) and gave the company an “equal weight” rating in a research note on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

ENI Trading Up 1.3 %

NYSE E opened at $29.36 on Wednesday. The business’s 50-day moving average price is $24.84 and its two-hundred day moving average price is $25.15. ENI has a 12 month low of $20.38 and a 12 month high of $32.56. The firm has a market capitalization of $52.93 billion, a PE ratio of 2.85 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.03 and a debt-to-equity ratio of 0.34.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its holdings in ENI by 227.4% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,277 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 887 shares in the last quarter. Rosenberg Matthew Hamilton bought a new stake in ENI during the 3rd quarter worth approximately $35,000. Captrust Financial Advisors grew its holdings in shares of ENI by 114.6% in the second quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after acquiring an additional 1,129 shares in the last quarter. Wipfli Financial Advisors LLC bought a new position in shares of ENI in the third quarter valued at approximately $51,000. Finally, Ronald Blue Trust Inc. bought a new position in shares of ENI in the second quarter valued at approximately $73,000. 1.53% of the stock is owned by institutional investors and hedge funds.

About ENI

(Get Rating)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

See Also

The Fly logo

Analyst Recommendations for ENI (NYSE:E)

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.