ENI (NYSE:E) Reaches New 1-Year High – Should You Buy?

Eni SpA (NYSE:E)’s share price hit a new 52-week high on Friday . The stock traded as high as $38.59 and last traded at $38.62, with a volume of 41283 shares. The stock had previously closed at $37.94.

Analyst Ratings Changes

Several brokerages have commented on E. HSBC downgraded ENI from a “buy” rating to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings restated a “hold (c)” rating on shares of ENI in a research report on Wednesday, October 8th. UBS Group upgraded ENI from a “neutral” rating to a “buy” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of ENI from a “hold” rating to a “buy” rating in a research report on Sunday. Finally, Citigroup restated a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.60.

ENI Trading Up 2.9%

The firm has a 50-day moving average of $37.42 and a 200 day moving average of $35.44. The company has a market cap of $65.90 billion, a P/E ratio of 21.33 and a beta of 0.61. The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, October 24th. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.17. The firm had revenue of $24.11 billion for the quarter, compared to analyst estimates of $19.88 billion. ENI had a return on equity of 8.53% and a net margin of 3.20%. On average, analysts predict that Eni SpA will post 3.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

Large investors have recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in shares of ENI by 5.1% during the third quarter. Bessemer Group Inc. now owns 5,904 shares of the oil and gas exploration company’s stock valued at $206,000 after purchasing an additional 284 shares during the period. DAVENPORT & Co LLC increased its position in ENI by 2.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 10,667 shares of the oil and gas exploration company’s stock valued at $373,000 after buying an additional 294 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in ENI by 3.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 11,284 shares of the oil and gas exploration company’s stock worth $366,000 after buying an additional 326 shares during the period. United Capital Financial Advisors LLC boosted its holdings in ENI by 5.0% in the third quarter. United Capital Financial Advisors LLC now owns 7,245 shares of the oil and gas exploration company’s stock worth $253,000 after acquiring an additional 347 shares in the last quarter. Finally, Checchi Capital Advisers LLC boosted its holdings in ENI by 3.6% in the third quarter. Checchi Capital Advisers LLC now owns 10,970 shares of the oil and gas exploration company’s stock worth $383,000 after acquiring an additional 377 shares in the last quarter. 1.18% of the stock is currently owned by institutional investors and hedge funds.

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.