ENI (NYSE:E) Raised to Buy at StockNews.com

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

E has been the subject of several other research reports. UBS Group cut ENI from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 target price (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, ENI presently has a consensus rating of “Hold” and an average target price of $31.60.

ENI Price Performance

Shares of E traded up $0.31 during trading hours on Tuesday, hitting $29.10. 219,328 shares of the company were exchanged, compared to its average volume of 281,545. The company has a market capitalization of $49.12 billion, a PE ratio of 17.43, a PEG ratio of 1.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The firm has a fifty day simple moving average of $27.89 and a 200-day simple moving average of $29.81. ENI has a one year low of $26.12 and a one year high of $33.78.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its holdings in ENI by 30.5% during the fourth quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company’s stock valued at $70,000 after buying an additional 581 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 buying an additional 633 shares in the last quarter. R Squared Ltd bought a new position in ENI during the fourth quarter valued at about $103,000. Jones Financial Companies Lllp raised its holdings in ENI by 93.4% during the fourth quarter. Jones Financial Companies Lllp now owns 4,449 shares of the oil and gas exploration company’s stock valued at $122,000 after buying an additional 2,149 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in ENI by 7.1% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,341 shares of the oil and gas exploration company’s stock valued at $201,000 after buying an additional 484 shares in the last quarter. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

ENI Company Profile

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.