ENI (NYSE:E) Stock Rating Lowered by StockNews.com

ENI (NYSE:E) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other analysts also recently issued research reports about the company. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Jefferies Financial Group reissued a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, ENI presently has a consensus rating of “Hold” and an average price target of $31.60.

ENI Stock Down 0.9 %

Shares of NYSE:E opened at $27.97 on Tuesday. The firm has a fifty day moving average of $28.33 and a 200 day moving average of $30.20. ENI has a 52-week low of $26.12 and a 52-week high of $33.78. 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 market capitalization of $47.21 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in E. Natixis Advisors LLC boosted its position in shares of ENI by 12.8% in the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after purchasing an additional 288,968 shares during the period. FMR LLC lifted its stake in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after buying an additional 146,431 shares in the last quarter. Raymond James & Associates boosted its holdings in ENI by 0.7% in the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after buying an additional 3,738 shares during the period. American Century Companies Inc. increased its stake in ENI by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock worth $10,263,000 after buying an additional 22,695 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in ENI during the second quarter valued at about $6,875,000. 1.18% of the stock is currently owned by institutional investors.

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.