StockNews.com Initiates Coverage on ENI (NYSE:E)

Stock analysts at StockNews.com initiated coverage on shares of ENI (NYSE:E – Get Rating) in a report released on Thursday. The firm set a “hold” rating on the oil and gas exploration company’s stock.

E has been the topic of several other research reports. Royal Bank of Canada downgraded ENI from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 14th. Stifel Nicolaus started coverage on ENI in a research note on Tuesday, December 13th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. downgraded ENI from an “overweight” rating to a “neutral” rating in a research note on Thursday, January 19th. HSBC raised ENI from a “hold” rating to a “buy” rating in a research note on Tuesday. They noted that the move was a valuation call. Finally, Sanford C. Bernstein raised ENI from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.25.

ENI Stock Down 5.8 %

Shares of E opened at $26.16 on Thursday. The business’s 50 day moving average is $29.95 and its 200 day moving average is $27.34. The company has a market capitalization of $47.16 billion, a PE ratio of 3.16 and a beta of 1.01. ENI has a 12-month low of $20.38 and a 12-month high of $32.21. The company has a current ratio of 1.28, a quick ratio of 1.12 and a debt-to-equity ratio of 0.35.

Hedge Funds Weigh In On ENI

Large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership boosted its holdings in ENI by 18.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock valued at $63,936,000 after acquiring an additional 344,808 shares during the period. Natixis Advisors L.P. boosted its holdings in ENI by 29.4% during the 4th quarter. Natixis Advisors L.P. now owns 1,555,950 shares of the oil and gas exploration company’s stock valued at $44,593,000 after acquiring an additional 353,353 shares during the period. Millennium Management LLC boosted its holdings in ENI by 352.0% during the 2nd quarter. Millennium Management LLC now owns 1,411,077 shares of the oil and gas exploration company’s stock valued at $33,598,000 after acquiring an additional 1,098,916 shares during the period. Goldman Sachs Group Inc. boosted its holdings in ENI by 7.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,175,635 shares of the oil and gas exploration company’s stock valued at $34,387,000 after acquiring an additional 77,840 shares during the period. Finally, CI Investments Inc. boosted its holdings in ENI by 6.0% during the 2nd quarter. CI Investments Inc. now owns 1,083,613 shares of the oil and gas exploration company’s stock valued at $25,801,000 after acquiring an additional 61,805 shares during the period. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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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.