Analyst Rating Update on ENI S.p.A. (E)

ENI S.p.A. (NYSE:E) has an average broker rating of 2, which is interpreted as a Buy, as rated by 3 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Societe Generale downgrades its rating on ENI S.p.A. (NYSE:E). Analysts at the Societe Generale have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on May 2, 2016.

ENI S.p.A. (NYSE:E): stock turned positive on Tuesday. Though the stock opened at $30.38, the bulls momentum made the stock top out at $30.76 level for the day. The stock recorded a low of $30.14 and closed the trading day at $30.72, in the green by 4.28%. The total traded volume for the day was 2,257,356. The stock had closed at $29.46 in the previous days trading.

Eni SpA (Eni) 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 Companys operating segments includes Exploration & Production, which engages in oil and natural gas exploration and field development and production; Gas & Power, which engages in supply, trading and marketing of gas and electricity, international gas transport activities, and LNG supply and marketing; Refining & Marketing, which engages in crude oil supply and refining and marketing of petroleum products; Chemicals activities include production of olefins and aromatics, basic intermediate products, polyethylene and elastomers, and Engineering & Construction, which engages in oilfield services, construction and engineering activities.

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