ENI (NYSE:E) Upgraded by Zacks Research to “Strong-Buy” Rating

ENI (NYSE:EGet Free Report) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks reports.

A number of other analysts have also issued reports on the company. Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings downgraded ENI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Wall Street Zen raised ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, ENI presently has a consensus rating of “Moderate Buy” and an average target price of $46.15.

Read Our Latest Research Report on ENI

ENI Trading Up 0.4%

Shares of E opened at $56.30 on Wednesday. ENI has a 1-year low of $34.03 and a 1-year high of $58.00. The company has a 50-day moving average of $52.81 and a 200 day moving average of $52.53. The firm has a market capitalization of $95.03 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 0.24 and a beta of 0.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05.

ENI (NYSE:EGet Free Report) last issued its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.10. The business had revenue of $25.87 billion for the quarter, compared to the consensus estimate of $27.93 billion. ENI had a net margin of 6.51% and a return on equity of 11.27%. On average, research analysts expect that ENI will post 6.03 EPS for the current year.

Institutional Investors Weigh In On ENI

A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its position in ENI by 83.9% during the second quarter. Integrated Wealth Concepts LLC now owns 8,321 shares of the oil and gas exploration company’s stock valued at $390,000 after purchasing an additional 3,797 shares in the last quarter. NewEdge Advisors LLC grew its stake in ENI by 23,909.6% in the second quarter. NewEdge Advisors LLC now owns 12,485 shares of the oil and gas exploration company’s stock valued at $585,000 after purchasing an additional 12,433 shares during the last quarter. IFP Advisors Inc raised its holdings in ENI by 111.2% in the second quarter. IFP Advisors Inc now owns 659 shares of the oil and gas exploration company’s stock worth $31,000 after purchasing an additional 347 shares in the last quarter. HB Wealth Management LLC raised its holdings in ENI by 18.8% in the second quarter. HB Wealth Management LLC now owns 6,193 shares of the oil and gas exploration company’s stock worth $290,000 after purchasing an additional 982 shares in the last quarter. Finally, Oakmont Investment Advisors Inc. purchased a new stake in shares of ENI during the second quarter valued at about $394,000. 1.18% of the stock is currently owned by hedge funds and other institutional investors.

About ENI

(Get Free Report)

Eni S.p.A. is an Italian integrated energy company headquartered in Rome. Founded in 1953, the company operates across the energy value chain, including the exploration, development and production of oil and natural gas, as well as natural gas marketing and liquefied natural gas activities.

Eni also operates refining and chemicals businesses and has expanded into lower-carbon energy and related services. Through businesses such as Plenitude and Enilive, it provides renewable power, energy retail, electric-vehicle charging, mobility services, biofuels and other products designed to support the energy transition.

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