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

StockNews.com lowered shares of ENI (NYSE:E) from a buy rating to a hold rating in a report released on Tuesday morning.

E has been the topic of several other reports. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price objective (down from $37.50) on shares of ENI in a research report on Tuesday. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Finally, Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.60.

ENI Trading Down 0.9 %

ENI stock opened at $27.97 on Tuesday. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.68 and a beta of 0.93. The firm has a 50 day moving average of $28.28 and a 200 day moving average of $30.19. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On ENI

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in shares of ENI by 25.9% during the 3rd 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. Wealth Enhancement Advisory Services LLC bought a new stake in ENI in the third quarter worth $212,000. Townsquare Capital LLC bought a new position in ENI during the third quarter valued at $231,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of ENI by 38.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,697 shares of the oil and gas exploration company’s stock worth $233,000 after acquiring an additional 2,155 shares during the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of ENI during the 3rd quarter worth about $239,000. Institutional investors own 1.18% of the company’s stock.

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.