ENI (NYSE:E) Downgraded to Neutral Rating by UBS Group

ENI (NYSE:E) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a research note issued on Wednesday,Briefing.com Automated Import reports.

A number of other analysts have also recently commented on E. Sanford C. Bernstein cut ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. Morgan Stanley reissued an “equal weight” rating and set a $31.60 target price (down previously from $37.50) on shares of ENI in a report on Tuesday. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.60.

ENI Price Performance

NYSE E traded down $0.30 during trading on Wednesday, hitting $27.92. 256,597 shares of the stock traded hands, compared to its average volume of 265,255. The company has a market capitalization of $47.13 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. ENI has a 12-month low of $26.12 and a 12-month high of $33.78. The firm has a 50-day simple moving average of $28.38 and a 200-day simple moving average of $30.22. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after buying an additional 288,968 shares during the period. FMR LLC boosted its stake in shares of ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after acquiring an additional 146,431 shares in the last quarter. Raymond James & Associates grew its holdings in ENI by 0.7% in the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after purchasing an additional 3,738 shares during the last quarter. American Century Companies Inc. increased its position in shares of ENI by 7.3% in the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after buying an additional 22,695 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of ENI in the 2nd quarter worth about $6,875,000. Institutional investors and hedge funds 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.