ENI (NYSE:E) Reaches New 1-Year High at $27.98

Shares of Eni S.p.A. (NYSE:E) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $27.98 and last traded at $27.98, with a volume of 1983 shares changing hands. The stock had previously closed at $27.54.

Several research analysts recently commented on E shares. Morgan Stanley reiterated an “overweight” rating on shares of ENI in a research note on Tuesday. Royal Bank of Canada upgraded ENI from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Barclays restated an “underweight” rating on shares of ENI in a report on Monday, October 4th. DZ Bank upgraded ENI from a “hold” rating to a “buy” rating in a report on Thursday, July 1st. Finally, HSBC downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, July 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $55.33.

The firm’s 50-day simple moving average is $25.35 and its 200 day simple moving average is $24.81. The company has a quick ratio of 1.21, a current ratio of 1.36 and a debt-to-equity ratio of 0.52. The firm has a market cap of $50.33 billion, a P/E ratio of -310.19, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09.

ENI (NYSE:E) last announced its quarterly earnings data on Friday, July 30th. The oil and gas exploration company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.16. ENI had a negative net margin of 0.19% and a positive return on equity of 2.95%. The firm had revenue of $19.63 billion during the quarter. As a group, analysts forecast that Eni S.p.A. will post 2.13 earnings per share for the current year.

The business also recently declared a Semi-Annual dividend, which was paid on Thursday, October 7th. Stockholders of record on Tuesday, September 21st were issued a dividend of $0.724 per share. This represents a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, September 20th. This is an increase from ENI’s previous Semi-Annual dividend of $0.58. ENI’s dividend payout ratio (DPR) is presently -295.83%.

Several large investors have recently modified their holdings of the company. Liberty Wealth Management LLC lifted its position in shares of ENI by 2,339.3% during the second quarter. Liberty Wealth Management LLC now owns 683 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 655 shares during the last quarter. Bessemer Group Inc. boosted its position in ENI by 5,470.3% in the first quarter. Bessemer Group Inc. now owns 2,061 shares of the oil and gas exploration company’s stock valued at $51,000 after buying an additional 2,024 shares during the last quarter. Eaton Vance Management acquired a new position in ENI in the first quarter valued at approximately $150,000. Edmond DE Rothschild Holding S.A. acquired a new position in ENI in the second quarter valued at approximately $149,000. Finally, Bank of Montreal Can raised its stake in shares of ENI by 8.7% during the 1st quarter. Bank of Montreal Can now owns 7,905 shares of the oil and gas exploration company’s stock worth $194,000 after buying an additional 636 shares during the period. Hedge funds and other institutional investors own 1.20% of the company’s stock.

About ENI (NYSE:E)

Eni SpA engages in the exploration, production, refining, and sale of oil, gas, electricity, and chemicals. It operates through the following segments: Exploration and Production, Global Gas and LNG Portfolio, Refining & Marketing and Chemicals, Eni gas e luce, Power & Renewables, and Corporate and Other Activities.

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