ENI (NYSE:E) Hits New 52-Week High - Still a Buy?

Shares of Eni SpA (NYSE:E - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $33.69 and last traded at $33.66, with a volume of 78748 shares trading hands. The stock had previously closed at $33.50.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on E shares. Citigroup reaffirmed a "neutral" rating on shares of ENI in a research note on Friday, July 11th. Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Redburn Atlantic lowered shares of ENI from a "buy" rating to a "neutral" rating in a report on Wednesday, April 23rd. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $31.60.

ENI Trading Up 2.0%

The firm's 50 day moving average is $31.80 and its 200 day moving average is $29.91. The company has a market cap of $58.51 billion, a PE ratio of 21.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.16 and a quick ratio of 1.00.

ENI (NYSE:E - Get Free Report) last posted its earnings results on Friday, July 25th. The oil and gas exploration company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.67 by $0.12. ENI had a return on equity of 8.56% and a net margin of 2.84%. The business had revenue of $22.08 billion during the quarter, compared to analysts' expectations of $23.54 billion. On average, equities analysts anticipate that Eni SpA will post 3.74 earnings per share for the current year.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently bought and sold shares of E. Golden State Wealth Management LLC boosted its holdings in ENI by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 1,202 shares of the oil and gas exploration company's stock valued at $37,000 after acquiring an additional 601 shares during the period. Brooklyn Investment Group purchased a new stake in shares of ENI during the first quarter valued at approximately $54,000. SVB Wealth LLC purchased a new stake in shares of ENI during the first quarter valued at approximately $78,000. GAMMA Investing LLC boosted its position in ENI by 76.8% during the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock valued at $104,000 after buying an additional 1,467 shares during the period. Finally, Bessemer Group Inc. boosted its position in ENI by 45.4% during the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock valued at $106,000 after buying an additional 1,063 shares during the period. Hedge funds and other institutional investors own 1.18% of the company's stock.

About ENI

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, Power & Renewables, and Corporate and Other Activities.