ValuEngine Downgrades ENI (E) to Sell

ENI (NYSE:E) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Thursday.

A number of other analysts have also 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 lowered shares of ENI from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, September 11th. Zacks Investment Research lowered shares of ENI from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Berenberg Bank began coverage on shares of ENI in a research note on Tuesday, September 11th. They set a “hold” rating for the company. Finally, Credit Suisse Group raised shares of ENI from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 19th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. ENI currently has an average rating of “Hold” and a consensus price target of $37.12.

Shares of NYSE:E opened at $35.04 on Thursday. The company has a market capitalization of $65.31 billion, a PE ratio of 18.43, a P/E/G ratio of 0.58 and a beta of 0.76. ENI has a twelve month low of $32.13 and a twelve month high of $40.15. The company has a quick ratio of 1.23, a current ratio of 1.41 and a debt-to-equity ratio of 0.38.

Hedge funds have recently added to or reduced their stakes in the stock. Lourd Capital LLC acquired a new stake in ENI during the third quarter valued at approximately $242,000. PNC Financial Services Group Inc. lifted its position in shares of ENI by 2.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 179,336 shares of the oil and gas exploration company’s stock valued at $6,657,000 after acquiring an additional 4,011 shares in the last quarter. Bartlett & Co. LLC purchased a new stake in shares of ENI in the 3rd quarter valued at approximately $104,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of ENI in the 2nd quarter valued at approximately $4,408,000. Finally, Greenleaf Trust lifted its position in shares of ENI by 16.7% in the 2nd quarter. Greenleaf Trust now owns 14,182 shares of the oil and gas exploration company’s stock valued at $526,000 after acquiring an additional 2,025 shares in the last quarter. 1.60% of the stock is owned by institutional investors and hedge funds.

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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