ENI (NYSE:E) Reaches New 52-Week High – Here’s Why

Eni SpA (NYSE:E) hit a new 52-week high on Friday . The company traded as high as $38.59 and last traded at $38.62, with a volume of 41283 shares trading hands. The stock had previously closed at $37.94.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on E. Weiss Ratings reiterated a “hold (c)” rating on shares of ENI in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of ENI from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Citigroup reissued a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. HSBC downgraded shares of ENI from a “buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group raised shares of ENI to a “strong-buy” rating in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ENI presently has a consensus rating of “Hold” and a consensus target price of $34.60.

ENI Price Performance

The stock has a market cap of $65.34 billion, a price-to-earnings ratio of 21.14 and a beta of 0.61. The company has a quick ratio of 0.98, a current ratio of 1.16 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average is $37.38 and its 200-day moving average is $35.37.

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

Institutional Investors Weigh In On ENI

A number of large investors have recently bought and sold shares of E. JPMorgan Chase & Co. raised its position in ENI by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 69,354 shares of the oil and gas exploration company’s stock valued at $2,424,000 after purchasing an additional 24,006 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in ENI in the 3rd quarter valued at about $48,000. Advisory Services Network LLC bought a new position in shares of ENI in the third quarter worth about $47,000. United Capital Financial Advisors LLC lifted its position in shares of ENI by 5.0% during 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 purchasing an additional 347 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after purchasing an additional 378 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

About ENI

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.