ENI (NYSE:E) Rating Lowered to Hold at Berenberg Bank

Berenberg Bank cut shares of ENI (NYSE:E) from a buy rating to a hold rating in a research note released on Monday morning, The Fly reports.

Several other equities research analysts have also commented on E. Kepler Capital Markets reissued a buy rating on shares of ENI in a research note on Monday. Credit Suisse Group lowered ENI from an outperform rating to a neutral rating and set a $18.00 price target on the stock. in a research note on Wednesday, September 4th. Santander raised ENI from a hold rating to a buy rating in a research note on Monday, June 17th. Finally, Zacks Investment Research raised ENI from a strong sell rating to a hold rating and set a $27.00 price target on the stock in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. ENI has a consensus rating of Hold and an average price target of $20.67.

Shares of NYSE:E opened at $31.61 on Monday. The business’s 50 day simple moving average is $30.05 and its 200-day simple moving average is $32.50. The firm has a market capitalization of $57.35 billion, a price-to-earnings ratio of 10.54, a price-to-earnings-growth ratio of 3.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.30 and a quick ratio of 1.16. ENI has a 12 month low of $28.54 and a 12 month high of $39.16.

ENI (NYSE:E) last announced its quarterly earnings results on Friday, July 26th. The oil and gas exploration company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.29). The firm had revenue of $21.16 billion for the quarter. ENI had a return on equity of 8.51% and a net margin of 4.59%. On average, equities analysts anticipate that ENI will post 2.31 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its stake in shares of ENI by 19.9% during the 1st quarter. Global Retirement Partners LLC now owns 2,168 shares of the oil and gas exploration company’s stock worth $76,000 after purchasing an additional 360 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of ENI during the 2nd quarter worth $78,000. Lindbrook Capital LLC increased its holdings in shares of ENI by 40.9% during the 2nd quarter. Lindbrook Capital LLC now owns 2,901 shares of the oil and gas exploration company’s stock worth $95,000 after buying an additional 842 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of ENI during the 2nd quarter worth $150,000. Finally, Assetmark Inc. increased its holdings in shares of ENI by 219.0% during the 2nd quarter. Assetmark Inc. now owns 4,594 shares of the oil and gas exploration company’s stock worth $152,000 after buying an additional 3,154 shares during the last quarter. 1.57% of the stock is currently owned by hedge funds and other institutional investors.

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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