Morgan Stanley Reaffirms "Equal Weight" Rating for ENI (NYSE:E)

ENI (NYSE:E - Get Free Report)'s stock had its "equal weight" rating reiterated by analysts at Morgan Stanley in a note issued to investors on Tuesday, Marketbeat Ratings reports. They presently have a $31.60 price target on the oil and gas exploration company's stock, down from their prior price target of $37.50. Morgan Stanley's target price would indicate a potential upside of 11.98% from the stock's previous close.

A number of other research analysts also recently issued reports on the company. StockNews.com raised ENI from a "hold" rating to a "buy" rating in a report on Friday, November 1st. Jefferies Financial Group restated a "buy" rating on shares of ENI in a report on Tuesday, October 15th. Sanford C. Bernstein cut ENI from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Finally, BNP Paribas upgraded ENI from an "underperform" rating to a "neutral" rating in a report on Friday, September 13th. Five analysts have rated the stock with a hold rating and four have assigned 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

NYSE E traded up $0.03 during trading hours on Tuesday, reaching $28.22. The stock had a trading volume of 327,135 shares, compared to its average volume of 278,834. The stock has a fifty day moving average of $28.42 and a 200 day moving average of $30.23. The stock has a market cap of $47.63 billion, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. 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 Investors Weigh In On ENI

A number of hedge funds have recently bought and sold shares of E. Caprock Group LLC raised its position in shares of ENI by 3.9% during the 3rd quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company's stock worth $279,000 after acquiring an additional 336 shares in the last quarter. MML Investors Services LLC grew its stake in ENI by 7.6% during the 3rd 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 during the last quarter. Oppenheimer Asset Management Inc. grew its stake in ENI by 5.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 10,853 shares of the oil and gas exploration company's stock worth $329,000 after buying an additional 608 shares during the last quarter. Evergreen Capital Management LLC grew its stake in ENI by 5.2% during the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company's stock worth $393,000 after buying an additional 626 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in ENI by 25.9% during the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company's stock worth $93,000 after buying an additional 633 shares during the last quarter. Institutional investors and hedge funds 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.