ENI (NYSE:E) Sets New 1-Year Low – What’s Next?

Eni S.p.A. (NYSE:E) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $28.74 and last traded at $28.74, with a volume of 84086 shares. The stock had previously closed at $29.01.

Wall Street Analyst Weigh In

E has been the subject of a number of research reports. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a report on Friday, September 13th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a report on Thursday, August 29th. StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, ENI currently has a consensus rating of “Moderate Buy” and an average price target of $39.60.

ENI Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27. The stock has a market cap of $47.65 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.25 and a beta of 0.95. The firm’s 50-day simple moving average is $30.43 and its two-hundred day simple moving average is $30.91.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC boosted its stake in ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after acquiring an additional 404 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in ENI by 138.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,542 shares of the oil and gas exploration company’s stock worth $171,000 after acquiring an additional 3,218 shares during the last quarter. Toronto Dominion Bank bought a new position in ENI during the 1st quarter worth approximately $172,000. Wealth Enhancement Advisory Services LLC bought a new position in ENI during the 3rd quarter worth approximately $212,000. Finally, Townsquare Capital LLC bought a new position in ENI during the 3rd quarter worth approximately $231,000. Institutional investors own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.