Eni S.p.A. (NYSE:E) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 393,800 shares, a decline of 48.2% from the August 15th total of 760,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 171,000 shares, the days-to-cover ratio is currently 2.3 days.
Shares of E stock traded down $0.35 during trading hours on Friday, hitting $25.56. The company’s stock had a trading volume of 347,566 shares, compared to its average volume of 281,253. The company has a 50 day moving average of $24.16 and a 200 day moving average of $24.51. The stock has a market cap of $46.08 billion, a PE ratio of -283.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.09. The company has a current ratio of 1.36, a quick ratio of 1.21 and a debt-to-equity ratio of 0.52. ENI has a 12-month low of $13.36 and a 12-month high of $26.20.
ENI (NYSE:E) last released 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 business had revenue of $19.63 billion for the quarter. ENI had a negative net margin of 0.19% and a positive return on equity of 2.95%. As a group, analysts anticipate that ENI will post 2.13 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Liberty Wealth Management LLC lifted its stake in shares of ENI by 2,339.3% in 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 period. Bessemer Group Inc. raised its position in ENI by 5,470.3% during the first quarter. Bessemer Group Inc. now owns 2,061 shares of the oil and gas exploration company’s stock worth $51,000 after acquiring an additional 2,024 shares during the period. Edmond DE Rothschild Holding S.A. acquired a new position in ENI during the second quarter worth $149,000. Eaton Vance Management acquired a new position in ENI during the first quarter worth $150,000. Finally, Bank of Montreal Can raised its position in ENI by 8.7% during the first quarter. Bank of Montreal Can now owns 7,905 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 636 shares during the period. Hedge funds and other institutional investors own 1.20% of the company’s stock.
Several research analysts recently commented on E shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of ENI in a research note on Thursday. reiterated a “neutral” rating and set a $70.00 price objective on shares of ENI in a research note on Wednesday, June 30th. Citigroup boosted their price objective on shares of ENI to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of ENI in a research note on Monday, July 19th. Finally, BNP Paribas raised shares of ENI from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 6th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, ENI currently has a consensus rating of “Hold” and an average price target of $55.33.
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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