ENI (NYSE:E) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Eni SpA (NYSE:E)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $35.90 and traded as high as $38.73. ENI shares last traded at $38.69, with a volume of 264,703 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a research note on Monday, January 12th. HSBC cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. UBS Group raised shares of ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Finally, Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, ENI has an average rating of “Hold” and a consensus price target of $34.60.

ENI Price Performance

The company’s 50-day moving average is $37.69 and its 200-day moving average is $35.94. The firm has a market cap of $65.32 billion, a price-to-earnings ratio of 20.94 and a beta of 0.61. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last released its earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.17. ENI had a return on equity of 8.53% and a net margin of 3.20%.The firm had revenue of $24.11 billion during the quarter, compared to analysts’ expectations of $19.88 billion. Equities research analysts predict that Eni SpA will post 3.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Bessemer Group Inc. raised its holdings in shares of ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares during the period. DAVENPORT & Co LLC increased its position in ENI by 2.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock valued at $373,000 after buying an additional 294 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after buying an additional 326 shares during the period. United Capital Financial Advisors LLC boosted its holdings in ENI by 5.0% in the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock worth $253,000 after acquiring an additional 347 shares in the last quarter. Finally, Checchi Capital Advisers LLC grew its stake in ENI by 3.6% in the third quarter. Checchi Capital Advisers LLC now owns 10,970 shares of the oil and gas exploration company’s stock valued at $383,000 after acquiring an additional 377 shares during the period. Institutional investors and hedge funds own 1.18% of the company’s stock.

ENI Company Profile

ENI S.p.A. is an integrated energy company headquartered in Rome, Italy, founded in 1953 as a state-established hydrocarbon entity and later transformed into a publicly traded multinational. The firm’s activities span the full hydrocarbon value chain and extend into power generation and low‑carbon energy solutions. ENI maintains a long history in exploration and production, engineering and project development, and downstream operations that include refining, petrochemicals and retail fuel distribution.

Core businesses include upstream exploration and production of oil and natural gas, midstream and liquefied natural gas (LNG) handling, and downstream refining and marketing of petroleum products and lubricants.