Are Eni S.p.A (NYSE:E) Shares Headed North? Citigroup Issues Upgrade.

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Eni S.p.A (NYSE:E) Stock Upgrade

The previous rating of a “Sell” for Eni S.p.A (NYSE:E) has been discontinued as Citigroup hiked E’s current rating to a respectable “Neutral”.

From a total of 2 analysts covering Eni S.p.A. (NYSE:E) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. Eni S.p.A. was the topic of 5 analyst reports since July 31, 2015 according to the firm StockzIntelligence Inc. BTIG Research downgraded shares on November 6 to “Neutral” rating. Nomura upgraded E stock in a recent report from October 12 to “Neutral” rating. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a July 31.

Approximately 91,732 shares of stock traded hands. Eni SpA (ADR) (NYSE:E) has declined 15.46% since April 29, 2015 and is downtrending. It has underperformed by 15.26% the S&P500.

 Are Eni S.p.A (NYSE:E) Shares Headed North? Citigroup Issues Upgrade.

Eni SpA is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products, commodity trading and oilfield services and engineering industries. The company has a market cap of $58.58 billion.

According to Zacks Investment Research, “ENI explores for, produces, refines, transports and markets natural gas, oil and produces chemicals. ENI offers engineering and project management services to the petroleum industry operating in 80 countries.” Get a free copy of the Zacks research report on Eni SpA (ADR) (E).

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