ENI (NYSE:E) Sets New 1-Year High – Should You Buy?

Eni SpA (NYSE:E)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $44.50 and last traded at $44.4440, with a volume of 771649 shares changing hands. The stock had previously closed at $44.12.

Wall Street Analysts Forecast Growth

E has been the subject of a number of research reports. JPMorgan Chase & Co. lowered ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Weiss Ratings reissued a “hold (c)” rating on shares of ENI in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. Barclays reissued an “overweight” rating on shares of ENI in a research note on Friday, December 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of ENI in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, ENI currently has an average rating of “Hold” and a consensus target price of $34.60.

ENI Stock Up 2.4%

The company’s fifty day moving average is $40.33 and its 200 day moving average is $37.52. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

Institutional Investors Weigh In On ENI

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its position in ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after buying an additional 1,420 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after acquiring an additional 495 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after purchasing an additional 326 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of ENI by 100.0% in the second quarter. Nisa Investment Advisors LLC now owns 1,500 shares of the oil and gas exploration company’s stock worth $49,000 after purchasing an additional 750 shares during the period. Finally, Bessemer Group Inc. raised its stake in ENI by 65.1% in the second quarter. Bessemer Group Inc. now owns 5,620 shares of the oil and gas exploration company’s stock valued at $182,000 after purchasing an additional 2,215 shares in the last quarter. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

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.