HSBC upgraded shares of ENI (NYSE:E – Get Rating) from a hold rating to a buy rating in a research note published on Tuesday morning, The Fly reports. The analysts noted that the move was a valuation call.
A number of other analysts also recently issued reports on the stock. Barclays began coverage on shares of ENI in a report on Wednesday, November 23rd. They set an overweight rating for the company. Credit Suisse Group assumed coverage on shares of ENI in a research report on Thursday, January 19th. They issued an outperform rating for the company. StockNews.com cut shares of ENI from a buy rating to a hold rating in a research report on Tuesday, March 7th. JPMorgan Chase & Co. lowered shares of ENI from an overweight rating to a neutral rating in a report on Thursday, January 19th. Finally, Royal Bank of Canada lowered shares of ENI from an outperform rating to a sector perform rating in a report on Wednesday, December 14th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, ENI presently has a consensus rating of Moderate Buy and an average target price of $16.25.
ENI Stock Performance
E opened at $27.78 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $30.01 and its two-hundred day moving average price is $27.35. ENI has a 1-year low of $20.38 and a 1-year high of $32.21. The company has a market cap of $50.08 billion, a price-to-earnings ratio of 3.36 and a beta of 1.01.
ENI Cuts Dividend
Institutional Trading of ENI
Several institutional investors and hedge funds have recently made changes to their positions in E. Hexagon Capital Partners LLC lifted its holdings in ENI by 227.4% in the third quarter. Hexagon Capital Partners LLC now owns 1,277 shares of the oil and gas exploration company’s stock valued at $27,000 after acquiring an additional 887 shares during the period. Rosenberg Matthew Hamilton acquired a new position in ENI during the 3rd quarter worth about $35,000. Atlas Capital Advisors LLC acquired a new position in ENI during the 4th quarter worth about $38,000. Captrust Financial Advisors raised its position in ENI by 114.6% in the 2nd quarter. Captrust Financial Advisors now owns 2,114 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in ENI in the 3rd quarter valued at about $51,000. 1.18% of the stock is currently owned by institutional investors.
ENI Company Profile
Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Power & Renewables, and Corporate and Other Activities.
- Get a free copy of the StockNews.com research report on ENI (E)
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