ENI (NYSE:E) Hits New 1-Year High - Here's Why

Key Points

• ENI hit a new 52-week high of $48.16 (last at $48.02), trading well above its 50‑day and 200‑day moving averages of $41.44 and $38.07 respectively.
• Analysts' consensus is a Moderate Buy, but the average price target of $34.60 is materially below the current share price.
• ENI beat quarterly estimates, reporting EPS of $0.87 versus $0.78 expected and revenue of $24.33 billion versus $19.45 billion expected.

Eni SpA (NYSE:E - Get Free Report)'s stock price hit a new 52-week high on Monday . The stock traded as high as $48.16 and last traded at $48.02, with a volume of 115416 shares changing hands. The stock had previously closed at $47.76.

Analyst Ratings Changes

Several brokerages have recently commented on E. Weiss Ratings restated a "hold (c)" rating on shares of ENI in a research report on Wednesday, January 21st. Wall Street Zen raised ENI from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Zacks Research raised ENI from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Jefferies Financial Group reiterated a "buy" rating on shares of ENI in a research report on Thursday, January 8th. Finally, UBS Group upgraded ENI from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $34.60.

ENI Price Performance

The company has a current ratio of 1.17, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average price is $41.44 and its 200-day moving average price is $38.07. The stock has a market capitalization of $81.88 billion, a PE ratio of 28.54 and a beta of 0.57.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The oil and gas exploration company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. The company had revenue of $24.33 billion for the quarter, compared to analysts' expectations of $19.45 billion. ENI had a return on equity of 9.27% and a net margin of 3.07%. On average, equities analysts forecast that Eni SpA will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in ENI by 2.1% during the first quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company's stock valued at $2,141,000 after acquiring an additional 1,420 shares during the last quarter. AQR Capital Management LLC grew its holdings in ENI by 3.4% during the 1st quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company's stock valued at $472,000 after purchasing an additional 495 shares during the last quarter. Savant Capital LLC bought a new position in ENI during the 2nd quarter valued at about $608,000. Vestmark Advisory Solutions Inc. purchased a new stake in ENI in the 2nd quarter worth about $802,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in ENI in the second quarter worth about $3,982,000. 1.18% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.