ENI (NYSE:E) Downgraded to Hold at StockNews.com

ENI (NYSE:E) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Other equities analysts have also issued research reports about the stock. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, June 25th. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Morgan Stanley initiated coverage on shares of ENI in a report on Wednesday, July 3rd. They issued an “equal weight” rating on the stock. Finally, Stifel Nicolaus lowered shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, ENI presently has a consensus rating of “Hold”.

ENI Stock Performance

E stock traded up $0.39 during midday trading on Monday, reaching $31.70. 99,880 shares of the company’s stock traded hands, compared to its average volume of 308,400. The firm has a market capitalization of $53.51 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a 50-day moving average price of $30.69 and a two-hundred day moving average price of $31.42. ENI has a 52 week low of $28.82 and a 52 week high of $34.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.07 and a current ratio of 1.28.

ENI (NYSE:E) last posted its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to analysts’ expectations of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. As a group, equities analysts anticipate that ENI will post 4.16 EPS for the current year.

Hedge Funds Weigh In On ENI

A number of hedge funds have recently added to or reduced their stakes in E. Bleakley Financial Group LLC lifted its stake in ENI by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 12,114 shares of the oil and gas exploration company’s stock valued at $412,000 after acquiring an additional 1,840 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in ENI by 13.9% in the fourth quarter. Sequoia Financial Advisors LLC now owns 11,360 shares of the oil and gas exploration company’s stock worth $386,000 after purchasing an additional 1,384 shares during the last quarter. Cerity Partners LLC grew its position in ENI by 14.9% in the 4th quarter. Cerity Partners LLC now owns 25,082 shares of the oil and gas exploration company’s stock worth $853,000 after purchasing an additional 3,260 shares during the period. Sapient Capital LLC bought a new stake in ENI in the 4th quarter worth approximately $221,000. Finally, Simplicity Solutions LLC raised its stake in ENI by 17.9% during the 4th quarter. Simplicity Solutions LLC now owns 12,114 shares of the oil and gas exploration company’s stock valued at $412,000 after buying an additional 1,840 shares during the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Company Profile

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.