ENI (NYSE:E) Reaches New 12-Month Low – What’s Next?

Eni S.p.A. (NYSE:E) reached a new 52-week low on Thursday . The company traded as low as $26.37 and last traded at $26.46, with a volume of 271103 shares changing hands. The stock had previously closed at $26.85.

Wall Street Analyst Weigh In

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

ENI Stock Performance

The business has a fifty day moving average of $29.41 and a 200 day moving average of $30.51. The company has a market cap of $44.66 billion, a P/E ratio of 15.84, a P/E/G ratio of 1.68 and a beta of 0.93. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Hedge Funds Weigh In On ENI

Several hedge funds and other institutional investors have recently modified their holdings of E. Raymond James & Associates boosted its position in shares of ENI by 1.0% during the second quarter. Raymond James & Associates now owns 500,182 shares of the oil and gas exploration company’s stock valued at $15,401,000 after purchasing an additional 4,882 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 valued at $171,000 after buying an additional 3,218 shares in the last quarter. Atomi Financial Group Inc. grew its position in shares of ENI by 13.3% in the 2nd quarter. Atomi Financial Group Inc. now owns 8,151 shares of the oil and gas exploration company’s stock worth $251,000 after buying an additional 956 shares during the period. Cambiar Investors LLC increased its stake in shares of ENI by 3.2% in the 2nd quarter. Cambiar Investors LLC now owns 197,960 shares of the oil and gas exploration company’s stock worth $6,095,000 after acquiring an additional 6,121 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in ENI during the 2nd quarter valued at about $1,409,000. Hedge funds and other 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.