ENI (NYSE:E) Reaches New 12-Month High – What’s Next?
by Kim Johansen · The Markets DailyEni SpA (NYSE:E – Get Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $39.62 and last traded at $39.52, with a volume of 27681 shares changing hands. The stock had previously closed at $38.78.
Analyst Upgrades and Downgrades
E has been the subject of several recent research reports. Citigroup reissued a “neutral” rating on shares of ENI in a research note on Tuesday, November 4th. Hsbc Global Res downgraded ENI from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Wall Street Zen lowered ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, ENI currently has an average rating of “Hold” and a consensus target price of $34.60.
ENI Price Performance
The company has a debt-to-equity ratio of 0.37, a current ratio of 1.16 and a quick ratio of 0.98. The company’s 50-day moving average price is $37.73 and its 200-day moving average price is $35.98. The company has a market cap of $65.83 billion, a P/E ratio of 21.57 and a beta of 0.61.
ENI (NYSE:E – Get Free Report) last issued its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. ENI had a return on equity of 8.53% and a net margin of 3.20%.The company had revenue of $24.11 billion for the quarter, compared to analyst estimates of $19.88 billion. As a group, sell-side analysts predict that Eni SpA will post 3.74 earnings per share for the current fiscal year.
Institutional Trading of ENI
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. NewSquare Capital LLC boosted its holdings in ENI by 179.3% during the second quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 588 shares during the last quarter. MAI Capital Management lifted its position in ENI by 2,488.4% during the 2nd quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 1,070 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of ENI during the 3rd quarter worth about $47,000. CIBC Private Wealth Group LLC bought a new position in shares of ENI in the 3rd quarter valued at about $48,000. Finally, Larson Financial Group LLC increased its position in shares of ENI by 37.5% in the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after acquiring an additional 378 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.
ENI Company Profile
ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.
Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.