ENI (NYSE:E) Sets New 12-Month Low – Here’s Why

Eni S.p.A. (NYSE:E)’s share price hit a new 52-week low on Monday . The company traded as low as $28.01 and last traded at $28.05, with a volume of 8900 shares changing hands. The stock had previously closed at $28.18.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research report on Tuesday, October 15th. StockNews.com upgraded ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. 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. Finally, Sanford C. Bernstein downgraded shares of ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Trading Down 1.3 %

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 $46.96 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.23 and a beta of 0.95. The stock’s fifty day moving average is $30.27 and its 200 day moving average is $30.83.

Institutional Trading of ENI

Institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its stake in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock valued at $77,179,000 after acquiring an additional 288,968 shares in the last quarter. FMR LLC raised its stake in shares of ENI by 33.5% during the third quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock valued at $17,691,000 after acquiring an additional 146,431 shares in the last quarter. Raymond James & Associates raised its stake in shares of ENI by 0.7% during the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock valued at $15,274,000 after acquiring an additional 3,738 shares in the last quarter. American Century Companies Inc. raised its stake in shares of ENI by 7.3% during the second quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after acquiring an additional 22,695 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of ENI during the second quarter valued at approximately $6,875,000. Institutional investors own 1.18% of the company’s stock.

ENI Company Profile

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.