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

Eni S.p.A. (NYSE:E)’s share price reached a new 52-week low 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 Analysts Forecast Growth

A number of research analysts have weighed in on the stock. BNP Paribas raised shares of ENI from an “underperform” rating to a “neutral” rating in a research note on Friday, September 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Tuesday, October 15th. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a research note on Thursday, August 29th. Sanford C. Bernstein lowered shares of ENI from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, StockNews.com raised shares of ENI from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, ENI presently has an average rating of “Moderate Buy” and an average target price of $39.60.

ENI Stock Up 0.4 %

The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $47.65 billion, a price-to-earnings ratio of 16.90, a P/E/G ratio of 1.25 and a beta of 0.95. The stock’s fifty day moving average price is $30.43 and its 200-day moving average price is $30.91.

Hedge Funds Weigh In On ENI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after acquiring an additional 404 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of ENI by 138.5% in the second 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 acquiring an additional 3,218 shares during the period. Toronto Dominion Bank bought a new stake in shares of ENI in the first quarter valued at about $172,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of ENI in the third quarter valued at about $212,000. Finally, Townsquare Capital LLC bought a new stake in shares of ENI in the third quarter valued at about $231,000. 1.18% of the stock is owned by institutional investors.

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.