ENI (NYSE:E) Stock Rating Upgraded by Morgan Stanley
Morgan Stanley upgraded ENI's stock rating from "equal weight" to "overweight," signaling increased confidence in its performance. Other analysts have recently adjusted their ratings, with some downgrading and some upgrading ENI. Currently, three analysts rate it as a hold, while four have a buy rating. ENI's market statistics show a P/E ratio of 14.08 and a market cap of approximately $68.15 billion. Despite missing earnings expectations in the last quarter, analysts predict growth in earnings per share for the current year.
ENI (NYSE:E - Get Free Report) was upgraded by stock analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating in a report issued on Thursday, Marketbeat.com reports.
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A number of other equities analysts have also recently weighed in on the company. StockNews.com cut ENI from a "buy" rating to a "hold" rating in a report on Wednesday. Stifel Nicolaus lowered shares of ENI from a "buy" rating to a "hold" rating in a report on Friday, July 19th. Redburn Atlantic raised shares of ENI from a "neutral" rating to a "buy" rating in a report on Tuesday, June 25th. Finally, Royal Bank of Canada raised shares of ENI from a "sector perform" rating to an "outperform" rating in a research note on Monday, July 29th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".
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ENI Stock Performance
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NYSE E opened at $32.67 on Thursday. The firm has a market cap of $55.15 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The company's 50 day moving average is $31.17 and its 200-day moving average is $31.47. ENI has a 12-month low of $28.82 and a 12-month high of $34.30.
ENI (NYSE:E - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.14). The firm had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Sell-side analysts predict that ENI will post 4.16 earnings per share for the current year.
Institutional Trading of ENI
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Several large investors have recently modified their holdings of the company. JFS Wealth Advisors LLC increased its holdings in ENI by 102.5% during 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 during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in ENI during the first quarter valued at about $74,000. GAMMA Investing LLC raised its stake in shares of ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company's stock worth $75,000 after buying an additional 404 shares during the period. Barometer Capital Management Inc. purchased a new position in shares of ENI during the 4th quarter valued at about $119,000. Finally, Toronto Dominion Bank bought a new position in shares of ENI during the 1st quarter valued at approximately $172,000. Institutional investors own 1.18% of the company's stock.
ENI Company Profile
(Get Free Report)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.
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