ENI (NYSE:E) Downgraded by Redburn Atlantic to "Neutral"

ENI (NYSE:E - Get Free Report) was downgraded by analysts at Redburn Atlantic from a "buy" rating to a "neutral" rating in a report released on Wednesday, Marketbeat Ratings reports.

A number of other equities analysts also recently commented on E. Morgan Stanley restated an "equal weight" rating and set a $31.60 price objective (down previously from $37.50) on shares of ENI in a research report on Tuesday, January 7th. UBS Group cut ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Finally, StockNews.com downgraded ENI from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $31.60.

ENI Stock Performance

E stock traded down $0.09 during midday trading on Wednesday, reaching $28.99. The stock had a trading volume of 236,173 shares, compared to its average volume of 317,388. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The firm has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $28.85. ENI has a 52-week low of $24.65 and a 52-week high of $33.12. The stock has a market cap of $48.93 billion, a PE ratio of 17.37, a P/E/G ratio of 1.86 and a beta of 0.73.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The oil and gas exploration company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.91 by $0.01. The firm had revenue of $25.61 billion during the quarter, compared to analysts' expectations of $25.52 billion. ENI had a return on equity of 11.03% and a net margin of 2.76%. As a group, equities research analysts anticipate that ENI will post 3.74 EPS for the current year.

Institutional Trading of ENI

A number of institutional investors have recently bought and sold shares of E. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of 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 worth $201,000 after acquiring an additional 484 shares during the period. Corient Private Wealth LLC grew its position in ENI by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 49,250 shares of the oil and gas exploration company's stock worth $1,347,000 after purchasing an additional 488 shares in the last quarter. Signaturefd LLC lifted its stake in ENI by 2.1% in the fourth quarter. Signaturefd LLC now owns 26,189 shares of the oil and gas exploration company's stock valued at $717,000 after purchasing an additional 532 shares during the last quarter. MML Investors Services LLC grew its position in shares of ENI by 7.6% in the third quarter. MML Investors Services LLC now owns 8,144 shares of the oil and gas exploration company's stock valued at $247,000 after purchasing an additional 576 shares in the last quarter. Finally, Allworth Financial LP grew its stake in ENI by 30.5% in the 4th quarter. Allworth Financial LP now owns 2,488 shares of the oil and gas exploration company's stock worth $70,000 after buying an additional 581 shares in the last quarter. Institutional investors and hedge funds 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.