ENI (NYSE:E) Cut to “Neutral” at Credit Suisse Group

Credit Suisse Group downgraded shares of ENI (NYSE:E) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday, The Fly reports. The brokerage currently has $18.00 price objective on the oil and gas exploration company’s stock.

Other analysts have also issued reports about the stock. Citigroup lowered shares of ENI from a buy rating to a neutral rating in a report on Tuesday, May 7th. Zacks Investment Research upgraded shares of ENI from a strong sell rating to a hold rating and set a $27.00 target price for the company in a report on Thursday, July 18th. Finally, Santander upgraded shares of ENI from a hold rating to a buy rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $20.67.

E opened at $30.33 on Wednesday. The stock has a market cap of $55.37 billion, a PE ratio of 10.11, a P/E/G ratio of 3.85 and a beta of 0.74. The company has a quick ratio of 1.17, a current ratio of 1.32 and a debt-to-equity ratio of 0.46. ENI has a 52 week low of $28.54 and a 52 week high of $39.16. The business’s fifty day simple moving average is $30.26 and its 200 day simple moving average is $32.70.

ENI (NYSE:E) last posted its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.29). ENI had a net margin of 4.59% and a return on equity of 8.42%. The business had revenue of $21.16 billion for the quarter. As a group, equities analysts anticipate that ENI will post 2.31 earnings per share for the current year.

The firm also recently announced a — dividend, which will be paid on Thursday, October 10th. Shareholders of record on Tuesday, September 24th will be paid a dividend of $0.9545 per share. This represents a dividend yield of 4.6%. The ex-dividend date of this dividend is Monday, September 23rd. ENI’s dividend payout ratio is 44.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in E. Regentatlantic Capital LLC increased its position in shares of ENI by 2.7% during the first quarter. Regentatlantic Capital LLC now owns 11,762 shares of the oil and gas exploration company’s stock valued at $414,000 after acquiring an additional 313 shares in the last quarter. We Are One Seven LLC increased its position in shares of ENI by 4.2% during the second quarter. We Are One Seven LLC now owns 7,764 shares of the oil and gas exploration company’s stock valued at $256,000 after acquiring an additional 315 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of ENI by 19.9% during the first quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock valued at $76,000 after acquiring an additional 360 shares in the last quarter. Advisor Group Inc. increased its position in shares of ENI by 3.4% during the second quarter. Advisor Group Inc. now owns 12,966 shares of the oil and gas exploration company’s stock valued at $429,000 after acquiring an additional 423 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of ENI by 5.5% during the second quarter. Rehmann Capital Advisory Group now owns 8,508 shares of the oil and gas exploration company’s stock valued at $281,000 after acquiring an additional 447 shares in the last quarter. 1.66% 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 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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