Eni S.p.a (NYSE:E) Receives Upgrade From Citigroup. Will Other Analysts Follow Suit?


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

Citigroup gave Eni S.p.a (NYSE:E) shares a new “Neutral” rating in a recent report shared with investors and clients on Wednesday, 2 December. The upgrade from the last “Sell” rating is certainly an interesting one.

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.

The stock increased 0.06% or $0.02 during the last trading session, striking $32.31. Approximately 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.

 Eni S.p.a (NYSE:E) Receives Upgrade From Citigroup. Will Other Analysts Follow Suit?

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 $58.92 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).