ENI (NYSE:E) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other analysts also recently commented on E. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 price objective for the company in a research report on Friday, April 17th. Dbs Bank upgraded ENI from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 28th. Weiss Ratings upgraded ENI from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, August 3rd. Erste Group Bank cut ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Zacks Research downgraded shares of ENI from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $42.30.

ENI Stock Up 2.4%

Shares of E opened at $54.87 on Friday. The company has a 50-day simple moving average of $50.69 and a 200-day simple moving average of $50.40. The firm has a market capitalization of $92.62 billion, a P/E ratio of 14.03, a P/E/G ratio of 0.25 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.05 and a current ratio of 1.23. ENI has a 52 week low of $34.03 and a 52 week high of $58.00.

ENI (NYSE:E) last released its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. ENI had a return on equity of 11.27% and a net margin of 6.51%.The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. On average, equities research analysts expect that ENI will post 5.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. Arrowstreet Capital Limited Partnership bought a new position in shares of ENI during the 1st quarter worth approximately $63,334,000. Natixis Advisors LLC boosted its stake in ENI by 5.3% in the 4th quarter. Natixis Advisors LLC now owns 3,279,164 shares of the oil and gas exploration company’s stock valued at $124,411,000 after buying an additional 165,454 shares in the last quarter. Capital Wealth Planning LLC grew its position in ENI by 109.7% in the fourth quarter. Capital Wealth Planning LLC now owns 306,408 shares of the oil and gas exploration company’s stock valued at $11,962,000 after acquiring an additional 160,324 shares during the period. Optiver Holding B.V. bought a new stake in ENI in the first quarter valued at $6,586,000. Finally, Arosa Capital Management LP bought a new stake in ENI in the fourth quarter valued at $4,173,000. Institutional investors own 1.18% of the company’s stock.

About ENI

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.