ENI (NYSE:E) Upgraded at StockNews.com

StockNews.com upgraded shares of ENI (NYSE:E) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley reaffirmed an “equal weight” rating and set a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday, January 7th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, UBS Group downgraded ENI from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, ENI has a consensus rating of “Hold” and an average target price of $31.60.

ENI Stock Up 1.7 %

E opened at $28.85 on Wednesday. The business has a 50-day moving average of $28.15 and a two-hundred day moving average of $30.13. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. ENI has a 12 month low of $26.12 and a 12 month high of $33.78. The stock has a market capitalization of $48.70 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.66 and a beta of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of E. Caprock Group LLC lifted its position in shares of ENI by 3.9% during the third quarter. Caprock Group LLC now owns 9,025 shares of the oil and gas exploration company’s stock worth $279,000 after purchasing an additional 336 shares in the last quarter. MML Investors Services LLC increased 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 period. Oppenheimer Asset Management Inc. lifted its holdings in ENI by 5.9% in 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 in the last quarter. Evergreen Capital Management LLC boosted its position in ENI by 5.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 12,753 shares of the oil and gas exploration company’s stock valued at $393,000 after buying an additional 626 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of ENI by 25.9% during the third quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 633 shares in 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.