StockNews.com Upgrades ENI (NYSE:E) to Buy

ENI (NYSE:E) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, Berenberg Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th.

ENI Price Performance

ENI stock opened at $32.68 on Tuesday. ENI has a 1 year low of $26.50 and a 1 year high of $34.30. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.24. The company’s fifty day moving average price is $32.00 and its 200 day moving average price is $32.29. The stock has a market capitalization of $55.16 billion, a P/E ratio of 14.09, a P/E/G ratio of 1.11 and a beta of 1.01.

ENI (NYSE:E) last posted its quarterly earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.18). The firm had revenue of $25.16 billion during the quarter, compared to analysts’ expectations of $18.83 billion. ENI had a net margin of 3.95% and a return on equity of 12.57%. As a group, equities research analysts anticipate that ENI will post 4.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Assetmark Inc. bought a new stake in shares of ENI in the third quarter valued at approximately $27,000. JFS Wealth Advisors LLC lifted its holdings in ENI by 102.5% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company’s stock worth $45,000 after buying an additional 669 shares in the last quarter. Allworth Financial LP boosted its holdings in ENI by 61.6% in the third quarter. Allworth Financial LP now owns 1,802 shares of the oil and gas exploration company’s stock valued at $58,000 after acquiring an additional 687 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of ENI in the 1st quarter valued at about $74,000. Finally, Planned Solutions Inc. acquired a new stake in ENI during the 4th quarter worth $84,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. It engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. The company operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Refining & Marketing and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.