Barclays Gives ENI S.p.A. Common Stock (NYSE:E) a Higher Rating. Raises its “Underweight” Rating

May 17, 2018 - By Jason Grubb

ENI S.p.A. Common Stock (NYSE:E) Stock Upgrade

ENI S.p.A. Common Stock (NYSE:E)‘s stock was increased to a solid “Equal-Weight” by equity research analysts at Barclays. E’s past “Underweight” rating is has been discontinued by the brokerage firm.

Eni S.p.A. (NYSE:E) Ratings Coverage

Among 2 analysts covering Eni SPA (NYSE:E), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Eni SPA had 2 analyst reports since February 26, 2018 according to SRatingsIntel. As per Monday, February 26, the company rating was downgraded by RBC Capital Markets. The stock of Eni S.p.A. (NYSE:E) earned “Buy” rating by Deutsche Bank on Wednesday, April 11.

The stock increased 0.15% or $0.06 during the last trading session, reaching $39.08. About 742,446 shares traded or 187.72% up from the average. Eni S.p.A. (NYSE:E) has risen 8.39% since May 17, 2017 and is uptrending. It has underperformed by 3.16% the S&P500.

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company has market cap of $70.36 billion. The firm is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas activities 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. It has a 17.13 P/E ratio. It also supplies, trades in, and markets gas and electricity; transports international gas; supplies crude oil; and refines and markets petroleum products at retail and wholesale markets primarily in Italy and rest of Europe.

More important recent Eni S.p.A. (NYSE:E) news were published by: Seekingalpha.com which released: “Eni’s (E) Management Team on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018, also 247Wallst.com published article titled: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …”, Seekingalpha.com published: “ENI SpA 2018 Q1 – Results – Earnings Call Slides” on April 27, 2018. More interesting news about Eni S.p.A. (NYSE:E) was released by: Seekingalpha.com and their article: “Deeply Undervalued And Well Positioned” with publication date: May 03, 2018.

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