ENI (NYSE:E) Upgraded to Buy at StockNews.com

ENI (NYSE:E - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Tuesday.

Other equities analysts also recently issued research reports about the company. Morgan Stanley reiterated an "equal weight" rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Jefferies Financial Group reaffirmed a "buy" rating on shares of ENI in a report on Tuesday, October 15th. Finally, UBS Group cut shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.60.

ENI Trading Up 0.6 %

ENI stock traded up $0.17 during trading hours on Tuesday, reaching $29.32. 188,051 shares of the company's stock were exchanged, compared to its average volume of 265,813. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The firm's 50 day simple moving average is $27.96 and its 200 day simple moving average is $29.77. The firm has a market capitalization of $49.49 billion, a PE ratio of 17.56, a PEG ratio of 1.85 and a beta of 0.92. ENI has a twelve month low of $26.12 and a twelve month high of $33.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in E. HighTower Advisors LLC raised its position in shares of ENI by 125.1% during the 3rd quarter. HighTower Advisors LLC now owns 47,947 shares of the oil and gas exploration company's stock valued at $1,460,000 after purchasing an additional 26,646 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of ENI by 100.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company's stock worth $2,158,000 after buying an additional 35,730 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of ENI by 277.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,974 shares of the oil and gas exploration company's stock worth $939,000 after purchasing an additional 22,768 shares during the period. Stifel Financial Corp boosted its stake in shares of ENI by 248.5% during the 3rd quarter. Stifel Financial Corp now owns 36,479 shares of the oil and gas exploration company's stock worth $1,106,000 after purchasing an additional 26,013 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of ENI by 24,141.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,454 shares of the oil and gas exploration company's stock worth $287,000 after purchasing an additional 9,415 shares during the period. Institutional investors own 1.18% of the company's stock.

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.