ENI (NYSE:E) Given Hold (C) Rating at Weiss Ratings

Key Points

• ENI's stock has been given a reaffirmed "hold (C)" rating by Weiss Ratings, while analysts from Royal Bank Of Canada and Zacks Research have lowered their ratings on the stock.
• The average consensus target price for ENI is currently $34.60, with a mix of analysts giving one Buy rating and eight Hold ratings.
• Institutional investors have significantly increased their stakes in ENI, with some firms reporting boosts of over 100% in their holdings during the second quarter.

ENI (NYSE:E - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also recently issued reports on the stock. Royal Bank Of Canada cut shares of ENI from an "outperform" rating to a "sector perform" rating in a report on Tuesday, September 2nd. Morgan Stanley set a $34.60 price target on shares of ENI in a research report on Wednesday, September 3rd. Zacks Research lowered shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 27th. Finally, Citigroup restated a "neutral" rating on shares of ENI in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $34.60.

ENI Price Performance

Shares of NYSE E traded up $0.03 during midday trading on Wednesday, hitting $35.53. The company had a trading volume of 172,641 shares, compared to its average volume of 223,722. The company has a quick ratio of 1.02, a current ratio of 1.18 and a debt-to-equity ratio of 0.37. ENI has a twelve month low of $24.65 and a twelve month high of $35.98. The business has a 50-day simple moving average of $35.05 and a two-hundred day simple moving average of $32.08. The firm has a market capitalization of $59.97 billion, a price-to-earnings ratio of 21.93 and a beta of 0.90.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.12. ENI had a net margin of 2.84% and a return on equity of 8.53%. The firm had revenue of $22.08 billion during the quarter, compared to the consensus estimate of $23.54 billion. Equities research analysts anticipate that ENI will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. NewSquare Capital LLC boosted its stake in ENI by 179.3% during the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company's stock valued at $30,000 after purchasing an additional 588 shares during the last quarter. MAI Capital Management grew its position in ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company's stock worth $36,000 after acquiring an additional 1,070 shares in the last quarter. Golden State Wealth Management LLC grew its position in ENI by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock worth $37,000 after acquiring an additional 601 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of ENI by 100.0% during the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company's stock valued at $49,000 after buying an additional 750 shares during the period. Finally, Brooklyn Investment Group purchased a new position in shares of ENI during the first quarter valued at approximately $54,000. Institutional investors 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.

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