ENI (NYSE:E) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded ENI from “buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $58.45 average price target.
• ENI reported quarterly EPS of $2.13, beating the $1.87 consensus estimate, and revenue of $29.49 billion, above expectations of $25.89 billion.
• Shares opened at $60.72, near the company’s 52-week high of $62.16; ENI has a $102.49 billion market capitalization and a price-to-earnings ratio of 10.80.

ENI (NYSE:E - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

E has been the subject of several other reports. Santander cut shares of ENI to a "neutral" rating in a report on Monday. Barclays reiterated an "overweight" rating on shares of ENI in a research note on Monday, October 5th. Zacks Research cut shares of ENI from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 13th. Royal Bank Of Canada reissued a "neutral" rating on shares of ENI in a research report on Thursday, September 24th. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of ENI in a research report on Friday, September 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, ENI currently has an average rating of "Moderate Buy" and a consensus price target of $58.45.

ENI Price Performance

Shares of NYSE:E opened at $60.72 on Friday. ENI has a 1-year low of $36.13 and a 1-year high of $62.16. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.18 and a quick ratio of 1.05. The business has a fifty day moving average price of $56.13 and a 200-day moving average price of $51.76. The company has a market capitalization of $102.49 billion, a PE ratio of 10.80, a PEG ratio of 0.19 and a beta of 0.44.

ENI (NYSE:E - Get Free Report) last posted its quarterly earnings results on Saturday, October 24th. The oil and gas exploration company reported $2.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.26. ENI had a return on equity of 13.84% and a net margin of 8.78%. The firm had revenue of $29.49 billion during the quarter, compared to analyst estimates of $25.89 billion. As a group, equities analysts expect that ENI will post 6.65 EPS for the current fiscal year.

Institutional Investors Weigh In On ENI

Several large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new stake in ENI in the 1st quarter worth approximately $63,334,000. Quantinno Capital Management LP raised its stake in ENI by 13.2% during the 1st quarter. Quantinno Capital Management LP now owns 453,940 shares of the oil and gas exploration company's stock valued at $25,698,000 after buying an additional 52,901 shares during the last quarter. QRG Capital Management Inc. raised its stake in ENI by 35.3% during the 1st quarter. QRG Capital Management Inc. now owns 133,035 shares of the oil and gas exploration company's stock valued at $7,531,000 after buying an additional 34,738 shares during the last quarter. Optiver Holding B.V. purchased a new stake in ENI during the 1st quarter valued at $6,586,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of ENI during the 3rd quarter valued at $4,222,000. 1.18% of the stock is currently owned by institutional investors.

About ENI

Eni S.p.A. is an integrated energy company headquartered in Rome, Italy. Founded in 1953, the company operates across the energy value chain, with activities spanning exploration and production, natural gas, liquefied natural gas, refining, chemicals, and energy-related services.

Eni explores for and produces oil and natural gas in several regions, including Europe, Africa, the Middle East, Asia, and the Americas. Through its downstream businesses, the company processes and markets fuels, develops chemical products, and supplies natural gas and electricity.

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