ENI (NYSE:E) Upgraded to "Buy" by StockNews.com

ENI (NYSE:E - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Tuesday.

Separately, Berenberg Bank lowered shares of ENI from a "buy" rating to a "hold" rating in a research report on Wednesday, March 20th.

ENI Price Performance

E stock traded down $0.78 during mid-day trading on Tuesday, reaching $32.02. 279,902 shares of the company's stock were exchanged, compared to its average volume of 255,563. The company has a market cap of $54.04 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. ENI has a 12-month low of $26.50 and a 12-month high of $34.30. The stock's 50 day moving average is $32.03 and its 200 day moving average is $32.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.24 and a quick ratio of 1.07.

ENI (NYSE:E - Get Free Report) last announced its earnings results on Wednesday, April 24th. The oil and gas exploration company reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.18). ENI had a net margin of 3.95% and a return on equity of 12.57%. The company had revenue of $25.16 billion during the quarter, compared to analyst estimates of $18.83 billion. On average, research analysts expect that ENI will post 4.67 EPS for the current year.

Institutional Trading of ENI

A number of large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its holdings in ENI by 5.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,101 shares of the oil and gas exploration company's stock valued at $310,000 after acquiring an additional 439 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of ENI by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 13,852 shares of the oil and gas exploration company's stock worth $471,000 after purchasing an additional 466 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of ENI by 1.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 35,020 shares of the oil and gas exploration company's stock worth $1,191,000 after purchasing an additional 542 shares during the last quarter. Inspire Advisors LLC grew its stake in shares of ENI by 4.4% during the third quarter. Inspire Advisors LLC now owns 13,142 shares of the oil and gas exploration company's stock worth $420,000 after purchasing an additional 554 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in ENI by 102.5% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,322 shares of the oil and gas exploration company's stock valued at $45,000 after buying an additional 669 shares in the last quarter. Hedge funds and other institutional investors own 1.18% of the company's stock.

ENI Company Profile

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.