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

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

Analyst Upgrades and Downgrades

E has been the subject of several research reports. Citigroup reissued a "neutral" rating on shares of ENI in a research report on Friday, July 11th. Redburn Atlantic downgraded shares of ENI from a "buy" rating to a "neutral" rating in a research report on Wednesday, April 23rd. Finally, Kepler Capital Markets downgraded shares of ENI from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $31.60.

ENI Trading Up 1.5%

The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.00 and a current ratio of 1.16. The firm has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $29.85. The firm has a market capitalization of $58.23 billion, a P/E ratio of 20.66 and a beta of 0.90.

ENI (NYSE:E - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The oil and gas exploration company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.01. ENI had a return on equity of 9.16% and a net margin of 2.85%. The business had revenue of $25.61 billion for the quarter, compared to analysts' expectations of $25.52 billion. Equities research analysts forecast that Eni SpA will post 3.74 earnings per share for the current year.

Hedge Funds Weigh In On ENI

Several large investors have recently bought and sold shares of E. Golden State Wealth Management LLC raised its stake in shares of 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 worth $37,000 after purchasing an additional 601 shares during the period. Brooklyn Investment Group purchased a new stake in ENI in the 1st quarter worth about $54,000. SVB Wealth LLC purchased a new stake in ENI in the 1st quarter worth about $78,000. GAMMA Investing LLC increased its holdings in ENI by 76.8% in the 1st quarter. GAMMA Investing LLC now owns 3,376 shares of the oil and gas exploration company's stock worth $104,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in ENI by 45.4% in the 1st quarter. Bessemer Group Inc. now owns 3,405 shares of the oil and gas exploration company's stock worth $106,000 after acquiring an additional 1,063 shares during the last quarter. 1.18% of the stock is currently owned by institutional investors.

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.