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

StockNews.com upgraded shares of ENI (NYSE:E - Free Report) from a hold rating to a buy rating in a report released on Wednesday morning.

A number of other analysts also recently commented on the company. Sanford C. Bernstein downgraded ENI from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Jefferies Financial Group restated a "buy" rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley reaffirmed an "equal weight" rating and set a $31.60 target price (down from $37.50) on shares of ENI in a report on Tuesday, January 7th. Finally, UBS Group downgraded shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $31.60.

ENI Stock Performance

Shares of ENI stock traded up $0.48 during trading on Wednesday, hitting $28.85. 444,248 shares of the company's stock were exchanged, compared to its average volume of 327,072. The stock has a market capitalization of $48.70 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 1.66 and a beta of 0.93. The business has a 50-day simple moving average of $28.15 and a 200-day simple moving average of $30.13. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Institutional Trading of ENI

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Park Avenue Securities LLC acquired a new stake in ENI in the 4th quarter worth about $216,000. JPMorgan Chase & Co. increased its position in shares of ENI by 277.5% during the third 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 in the last quarter. Tidal Investments LLC raised its stake in ENI by 9.8% in the 3rd quarter. Tidal Investments LLC now owns 40,744 shares of the oil and gas exploration company's stock valued at $1,235,000 after purchasing an additional 3,641 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in ENI by 9.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 111,700 shares of the oil and gas exploration company's stock valued at $3,386,000 after purchasing an additional 9,700 shares in the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of ENI by 7.6% during the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company's stock worth $247,000 after buying an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

About ENI

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.