ENI (NYSE:E) Stock Crosses Above Fifty Day Moving Average of $31.78

Eni SpA (NYSE:E) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $31.78 and traded as high as $32.98. ENI shares last traded at $32.80, with a volume of 16,118 shares trading hands.

Several equities analysts have issued reports on E shares. Zacks Investment Research upgraded shares of ENI from a “strong sell” rating to a “hold” rating and set a $26.00 price target for the company in a research report on Tuesday, June 18th. Citigroup cut shares of ENI from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 7th. Santander upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Monday, June 17th. Finally, ValuEngine cut shares of ENI from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.50.

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.32 and a quick ratio of 1.17. The firm has a 50-day simple moving average of $31.81. The stock has a market cap of $59.78 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 3.75 and a beta of 0.69.

ENI (NYSE:E) last posted its quarterly earnings data on Wednesday, April 24th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.12). ENI had a return on equity of 8.88% and a net margin of 5.65%. The firm had revenue of $21.35 billion for the quarter. Analysts predict that Eni SpA will post 2.46 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Brandes Investment Partners LP boosted its stake in ENI by 0.4% during the first quarter. Brandes Investment Partners LP now owns 1,801,778 shares of the oil and gas exploration company’s stock worth $63,495,000 after acquiring an additional 7,106 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in ENI by 4.7% during the first quarter. Parametric Portfolio Associates LLC now owns 801,435 shares of the oil and gas exploration company’s stock worth $28,243,000 after acquiring an additional 36,210 shares in the last quarter. Todd Asset Management LLC boosted its stake in ENI by 19.7% during the first quarter. Todd Asset Management LLC now owns 729,172 shares of the oil and gas exploration company’s stock worth $25,696,000 after acquiring an additional 119,956 shares in the last quarter. Renaissance Group LLC boosted its stake in ENI by 24.1% during the first quarter. Renaissance Group LLC now owns 442,157 shares of the oil and gas exploration company’s stock worth $15,582,000 after acquiring an additional 85,869 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in ENI during the fourth quarter worth $10,638,000. Institutional investors own 1.66% of the company’s stock.

About ENI (NYSE:E)

Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 43 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Iraq, Indonesia, Ghana, Mozambique, Oman, and the United Arab Emirates.

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