ENI's (E) Buy Rating Reaffirmed at Jefferies Financial Group

ENI (NYSE:E - Get Free Report)'s stock had its "buy" rating restated by stock analysts at Jefferies Financial Group in a research note issued to investors on Tuesday, Marketbeat reports.

Other analysts also recently issued research reports about the company. Sanford C. Bernstein downgraded ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Stifel Nicolaus cut ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. StockNews.com lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Finally, Redburn Atlantic raised shares of ENI from a "neutral" rating to a "buy" rating in a research report on Tuesday, June 25th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, ENI currently has an average rating of "Hold" and an average target price of $39.60.

ENI Trading Down 2.9 %

E traded down $0.91 during midday trading on Tuesday, reaching $30.45. 308,009 shares of the company were exchanged, compared to its average volume of 296,221. The stock has a market capitalization of $51.40 billion, a P/E ratio of 13.13, a PEG ratio of 1.37 and a beta of 0.96. ENI has a one year low of $28.82 and a one year high of $34.30. The stock's 50-day simple moving average is $31.52 and its 200 day simple moving average is $31.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The business had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, analysts forecast that ENI will post 3.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of ENI by 9.8% in the fourth quarter. Fisher Asset Management LLC now owns 79,489 shares of the oil and gas exploration company's stock worth $2,703,000 after purchasing an additional 7,125 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of ENI in the 1st quarter valued at about $74,000. Norden Group LLC bought a new stake in shares of ENI in the 1st quarter valued at about $437,000. Legacy Wealth Asset Management LLC increased its stake in shares of ENI by 2.9% in the first quarter. Legacy Wealth Asset Management LLC now owns 36,045 shares of the oil and gas exploration company's stock valued at $1,143,000 after buying an additional 1,025 shares during the period. Finally, Arkadios Wealth Advisors bought a new position in shares of ENI during the first quarter worth about $218,000. Institutional investors and hedge funds own 1.18% of the company's stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company 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. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.