Barclays Raises Rating of Eni SPA (NYSE:E) To a “Hold”

May 18, 2018 - By Robert Crowder

Eni SPA (NYSE:E) Stock Upgrade

In a note revealed to clients on Thursday morning, Barclays increased their rating for shares of Eni SPA (NYSE:E) to a “Hold”.

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. The firm earned “Hold” rating on Monday, February 26 by RBC Capital Markets. The firm has “Buy” rating given on Wednesday, April 11 by Deutsche Bank.

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 18, 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 recent Eni S.p.A. (NYSE:E) news were published by: which released: “ENI SpA 2018 Q1 – Results – Earnings Call Slides” on April 27, 2018. Also published the news titled: “Eni’s (E) Management Team on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018.‘s news article titled: “Deeply Undervalued And Well Positioned” with publication date: May 03, 2018 was also an interesting one.

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