ENI (NYSE:E) was upgraded by analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a research note issued on Wednesday, MarketBeat.com reports.

A number of other equities analysts also recently weighed in on the stock. Bank of America raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Friday, October 5th. Barclays downgraded shares of ENI from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, September 11th. Deutsche Bank downgraded shares of ENI from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research report on Monday, December 10th. Zacks Investment Research downgraded shares of ENI from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, ValuEngine upgraded shares of ENI from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.41.

NYSE:E traded down $0.51 during trading hours on Wednesday, reaching $32.44. 10,373 shares of the company were exchanged, compared to its average volume of 278,414. The company has a quick ratio of 1.24, a current ratio of 1.40 and a debt-to-equity ratio of 0.39. The company has a market cap of $60.07 billion, a P/E ratio of 21.52, a P/E/G ratio of 0.72 and a beta of 0.67. ENI has a 52-week low of $29.75 and a 52-week high of $40.15.

ENI (NYSE:E) last posted its quarterly earnings results on Wednesday, November 7th. The oil and gas exploration company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.23. The company had revenue of $23.14 billion for the quarter. ENI had a net margin of 7.47% and a return on equity of 8.38%. Research analysts forecast that ENI will post 3.23 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of E. Todd Asset Management LLC lifted its position in ENI by 219.2% in the 3rd quarter. Todd Asset Management LLC now owns 587,059 shares of the oil and gas exploration company’s stock valued at $22,108,000 after purchasing an additional 403,149 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in ENI in the 3rd quarter valued at about $15,008,000. Morgan Stanley lifted its position in ENI by 10.9% in the 2nd quarter. Morgan Stanley now owns 3,449,278 shares of the oil and gas exploration company’s stock valued at $128,038,000 after purchasing an additional 338,573 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in ENI by 2,931.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 275,445 shares of the oil and gas exploration company’s stock valued at $7,314,000 after purchasing an additional 266,358 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in ENI by 215.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 379,000 shares of the oil and gas exploration company’s stock valued at $14,273,000 after purchasing an additional 259,000 shares during the last quarter.

ENI Company Profile

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 46 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Indonesia, Ghana, and Mozambique.

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Analyst Recommendations for ENI (NYSE:E)

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