ENI (NYSE:E) Reaches New 1-Year Low – Here’s Why

Eni S.p.A. (NYSE:E)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $28.74 and last traded at $28.81, with a volume of 40681 shares. The stock had previously closed at $29.37.

Analyst Ratings Changes

Several equities analysts have recently weighed in on E shares. Stifel Nicolaus downgraded ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Morgan Stanley upgraded ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target for the company in a research note on Thursday, August 29th. BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Finally, StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $39.60.

ENI Trading Down 0.3 %

The company’s fifty day moving average is $30.87 and its two-hundred day moving average is $31.14. The company has a market cap of $49.42 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 1.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.07 and a current ratio of 1.27.

Hedge Funds Weigh In On ENI

Several hedge funds have recently bought and sold shares of E. FMR LLC grew its stake in ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after buying an additional 146,431 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of ENI by 9.2% in the third quarter. Fisher Asset Management LLC now owns 126,046 shares of the oil and gas exploration company’s stock valued at $3,820,000 after purchasing an additional 10,589 shares during the period. Cerity Partners LLC grew its position in ENI by 33.1% in the 3rd quarter. Cerity Partners LLC now owns 36,993 shares of the oil and gas exploration company’s stock valued at $1,121,000 after buying an additional 9,209 shares during the last quarter. Eagle Asset Management Inc. increased its position in ENI by 11.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 19,029 shares of the oil and gas exploration company’s stock worth $569,000 after purchasing an additional 1,893 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in ENI by 100.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 71,207 shares of the oil and gas exploration company’s stock valued at $2,158,000 after buying an additional 35,730 shares in the last quarter. Institutional investors and hedge funds 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.