ENI (NYSE:E) Rating Lowered to Neutral at JPMorgan Chase & Co.

ENI (NYSE:EGet Rating) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research note issued on Thursday, The Fly reports.

A number of other brokerages have also recently weighed in on E. Stifel Nicolaus assumed coverage on shares of ENI in a research note on Tuesday, December 13th. They set a “buy” rating for the company. Royal Bank of Canada cut shares of ENI from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 14th. Barclays began coverage on shares of ENI in a research note on Wednesday, November 23rd. They issued an “overweight” rating for the company. Credit Suisse Group began coverage on shares of ENI in a research note on Thursday. They issued an “outperform” rating for the company. Finally, HSBC cut shares of ENI from a “buy” rating to a “hold” rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

ENI Stock Performance

NYSE:E opened at $31.71 on Thursday. The business’s fifty day moving average price is $29.29 and its 200 day moving average price is $25.60. The firm has a market capitalization of $57.17 billion, a PE ratio of 3.08 and a beta of 1.01. ENI has a 12 month low of $20.38 and a 12 month high of $32.56. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 1.03.

ENI (NYSE:EGet Rating) last announced its earnings results on Friday, October 28th. The oil and gas exploration company reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.10. ENI had a net margin of 13.45% and a return on equity of 25.36%. The business had revenue of $37.87 billion during the quarter. On average, sell-side analysts anticipate that ENI will post 8.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

Institutional investors have recently modified their holdings of the business. Hexagon Capital Partners LLC grew its position in shares of 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 valued at $27,000 after buying an additional 887 shares during the last quarter. Rosenberg Matthew Hamilton bought a new position in ENI in the 3rd quarter worth about $35,000. Captrust Financial Advisors boosted 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. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

(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.

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Analyst Recommendations for ENI (NYSE:E)

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