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

Morgan Stanley restated their equal weight rating on shares of ENI (NYSE:E) in a research report sent to investors on Tuesday, MarketBeat reports. They currently have a $31.60 price objective on the oil and gas exploration company’s stock, down from their prior price objective of $37.50.

Several other research firms also recently weighed in on E. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Sanford C. Bernstein lowered ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Stock Performance

Shares of E stock opened at $27.97 on Tuesday. The firm has a 50 day moving average of $28.28 and a 200-day moving average of $30.19. The company has a market cap of $47.21 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. ENI has a 52 week low of $26.12 and a 52 week high of $33.78.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of E. Natixis Advisors LLC raised its holdings in shares of ENI by 12.8% in the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares during the period. Marshall Wace LLP bought a new stake in shares of ENI in the second quarter valued at $6,875,000. FMR LLC lifted its position in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in shares of ENI during the 2nd quarter worth $3,141,000. Finally, Lighthouse Investment Partners LLC purchased a new stake in ENI in the 2nd quarter worth about $3,079,000. 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.