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

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

Several equities research analysts have recently issued reports on E shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ENI in a research report on Monday. Morgan Stanley reiterated an “overweight” rating on shares of ENI in a research note on Tuesday. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Exane BNP Paribas upgraded shares of ENI from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ENI in a report on Thursday, September 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $55.33.

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 business’s 50-day moving average is $25.35 and its two-hundred day moving average is $24.81. The company has a market capitalization 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 issued its quarterly earnings data on Friday, July 30th. The oil and gas exploration company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.42 by $0.16. The company had revenue of $19.63 billion during the quarter. ENI had a negative net margin of 0.19% and a positive return on equity of 2.95%. Analysts predict that Eni S.p.A. will post 2.13 EPS for the current year.

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 7th. Stockholders of record on Tuesday, September 21st were given a $0.724 dividend. The ex-dividend date was Monday, September 20th. This is an increase from ENI’s previous Semi-Annual dividend of $0.58. This represents a dividend yield of 4.8%. ENI’s dividend payout ratio is currently -295.83%.

Hedge funds have recently made changes to their positions in the stock. Liberty Wealth Management LLC grew its position in ENI by 2,339.3% during the 2nd quarter. Liberty Wealth Management LLC now owns 683 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 655 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of ENI by 5,470.3% in the 1st quarter. Bessemer Group Inc. now owns 2,061 shares of the oil and gas exploration company’s stock worth $51,000 after purchasing an additional 2,024 shares during the period. Eaton Vance Management bought a new stake in ENI during the 1st quarter worth approximately $150,000. Edmond DE Rothschild Holding S.A. purchased a new stake in ENI during the 2nd quarter valued at approximately $149,000. Finally, Bank of Montreal Can grew its holdings in 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 valued at $194,000 after buying an additional 636 shares in the last quarter. 1.20% of the stock is currently owned by institutional investors.

ENI Company Profile (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.

Featured Story: Correction

Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.