ENI (NYSE:E - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued on Friday.
A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus cut shares of ENI from a "buy" rating to a "hold" rating in a research report on Friday, July 19th. BNP Paribas upgraded ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Royal Bank of Canada raised ENI from a "sector perform" rating to an "outperform" rating in a research report on Monday, July 29th. Sanford C. Bernstein downgraded shares of ENI from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Finally, Jefferies Financial Group reissued a "buy" rating on shares of ENI in a research report on Tuesday, October 15th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $39.60.
Read Our Latest Stock Report on ENI
ENI Trading Down 0.4 %
Shares of NYSE E traded down $0.13 during trading on Friday, hitting $30.30. 164,428 shares of the company traded hands, compared to its average volume of 293,749. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $51.15 billion, a P/E ratio of 18.14, a P/E/G ratio of 1.29 and a beta of 0.96. The company has a 50-day moving average price of $31.21 and a 200-day moving average price of $31.28. ENI has a 1 year low of $28.82 and a 1 year high of $34.30.
Institutional Trading of ENI
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in ENI during the 1st quarter valued at about $74,000. GAMMA Investing LLC grew its holdings in ENI by 19.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock worth $75,000 after buying an additional 404 shares in the last quarter. Toronto Dominion Bank acquired a new stake in ENI in the 1st quarter valued at approximately $172,000. Wealth Enhancement Advisory Services LLC bought a new stake in ENI during the 3rd quarter valued at $212,000. Finally, Pitcairn Co. acquired a new position in ENI during the 1st quarter worth $218,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.
About ENI
(
Get Free Report)
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.
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