ENI (NYSE:E) Rating Lowered to Market Perform at Sanford C. Bernstein

Sanford C. Bernstein lowered shares of ENI (NYSE:E) from an outperform rating to a market perform rating in a report published on Monday morning, Marketbeat Ratings reports.

Several other research analysts have also commented on E. Redburn Atlantic upgraded shares of ENI from a neutral rating to a buy rating in a research note on Tuesday, June 25th. Morgan Stanley upgraded ENI from an equal weight rating to an overweight rating and set a $39.60 price objective for the company in a report on Thursday, August 29th. Royal Bank of Canada upgraded ENI from a sector perform rating to an outperform rating in a research note on Monday, July 29th. BNP Paribas upgraded ENI from an underperform rating to a neutral rating in a research note on Friday, September 13th. Finally, Stifel Nicolaus lowered ENI from a buy rating to a hold rating in a research note on Friday, July 19th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $39.60.

ENI Trading Down 1.9 %

NYSE:E opened at $30.32 on Monday. The firm has a 50-day simple moving average of $31.49 and a 200-day simple moving average of $31.53. ENI has a one year low of $28.82 and a one year high of $34.30. The firm has a market cap of $51.18 billion, a P/E ratio of 13.07, a P/E/G ratio of 1.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.09 and a current ratio of 1.28.

ENI (NYSE:E) last issued its quarterly earnings data on Friday, July 26th. The oil and gas exploration company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.14). The business had revenue of $24.82 billion during the quarter, compared to the consensus estimate of $25.74 billion. ENI had a return on equity of 11.84% and a net margin of 4.21%. Equities analysts anticipate that ENI will post 4.18 EPS for the current fiscal year.

Institutional Trading of ENI

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in shares of ENI during the 1st quarter valued at about $74,000. GAMMA Investing LLC raised its position in ENI by 19.8% during the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after acquiring an additional 404 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in ENI in the fourth quarter valued at approximately $119,000. Toronto Dominion Bank purchased a new stake in ENI in the 1st quarter worth approximately $172,000. Finally, Arkadios Wealth Advisors acquired a new stake in shares of ENI during the 1st quarter worth approximately $218,000. Hedge funds and other institutional investors own 1.18% of the company’s stock.

About ENI

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.