ENI (NYSE:E) Reaches New 12-Month High – What’s Next?

Eni SpA (NYSE:E) shares hit a new 52-week high during trading on Friday . The company traded as high as $39.62 and last traded at $39.52, with a volume of 27681 shares trading hands. The stock had previously closed at $38.78.

Wall Street Analysts Forecast Growth

E has been the topic of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of ENI in a report on Tuesday, November 4th. HSBC lowered ENI from a “buy” rating to a “hold” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. downgraded ENI from an “overweight” rating to an “underweight” rating in a research note on Friday, December 5th. Hsbc Global Res lowered ENI from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 28th. Finally, Wall Street Zen downgraded ENI from a “buy” rating to a “hold” rating in a report on Monday, January 12th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $34.60.

ENI Trading Up 2.9%

The business has a fifty day moving average of $37.76 and a 200-day moving average of $36.06. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 1.16. The company has a market capitalization of $67.34 billion, a P/E ratio of 21.80 and a beta of 0.61.

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

Hedge Funds Weigh In On ENI

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in ENI by 2.1% during the 1st quarter. Royal Bank of Canada now owns 69,243 shares of the oil and gas exploration company’s stock worth $2,141,000 after purchasing an additional 1,420 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of ENI by 3.4% during the first quarter. AQR Capital Management LLC now owns 15,260 shares of the oil and gas exploration company’s stock valued at $472,000 after buying an additional 495 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in ENI during the second quarter worth $280,000. Park Avenue Securities LLC purchased a new stake in ENI in the 2nd quarter valued at $262,000. Finally, GAMMA Investing LLC lifted its stake in ENI by 44.2% during the 2nd quarter. GAMMA Investing LLC now owns 4,869 shares of the oil and gas exploration company’s stock valued at $158,000 after acquiring an additional 1,493 shares in the last quarter. Institutional investors own 1.18% of the company’s stock.

About ENI

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.