ENI (NYSE:E) Cut to “Hold” at StockNews.com

ENI (NYSE:E) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other research firms have also commented on E. Morgan Stanley restated an “equal weight” rating and issued a $31.60 price target (down previously from $37.50) on shares of ENI in a report on Tuesday, January 7th. UBS Group downgraded shares of ENI from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $31.60.

ENI Trading Down 0.4 %

Shares of ENI stock traded down $0.12 during mid-day trading on Wednesday, hitting $28.00. 210,355 shares of the stock were exchanged, compared to its average volume of 294,642. The stock has a market capitalization of $47.25 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.82 and a beta of 0.93. The company has a current ratio of 1.27, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. ENI has a twelve month low of $26.12 and a twelve month high of $33.78. The company has a 50-day simple moving average of $27.91 and a 200 day simple moving average of $29.95.

Institutional Investors Weigh In On ENI

A number of large investors have recently added to or reduced their stakes in E. GAMMA Investing LLC raised its holdings in ENI by 25.9% in the 3rd quarter. GAMMA Investing LLC now owns 3,075 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 633 shares in the last quarter. R Squared Ltd bought a new stake in shares of ENI during the fourth quarter worth $103,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ENI in the third quarter valued at approximately $212,000. Park Avenue Securities LLC bought a new position in shares of ENI in the 4th quarter worth $216,000. Finally, Townsquare Capital LLC bought a new stake in shares of ENI in the 3rd quarter valued at about $231,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.