Shares of Eni (NYSE:E) hit a new 52-week high and low on Thursday . The stock traded as low as $38.00 and last traded at $37.78, with a volume of 145628 shares trading hands. The stock had previously closed at $37.74.
Several analysts have recently weighed in on E shares. Deutsche Bank raised shares of ENI from a “hold” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research raised shares of ENI from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, December 28th. Finally, Royal Bank of Canada downgraded shares of ENI from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $29.44 to $34.24 in a report on Monday, February 26th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. ENI presently has a consensus rating of “Hold” and a consensus target price of $30.75.
The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.29 and a current ratio of 1.47. The company has a market cap of $68,631.60, a P/E ratio of 25.01, a PEG ratio of 3.95 and a beta of 0.90.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA lifted its stake in shares of ENI by 234.8% in the fourth quarter. Glenmede Trust Co. NA now owns 3,622 shares of the oil and gas exploration company’s stock valued at $118,000 after purchasing an additional 2,540 shares during the period. Elkfork Partners LLC acquired a new stake in shares of ENI in the fourth quarter valued at about $209,000. Sei Investments Co. lifted its stake in shares of ENI by 39.1% in the third quarter. Sei Investments Co. now owns 7,469 shares of the oil and gas exploration company’s stock valued at $246,000 after purchasing an additional 2,101 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of ENI in the fourth quarter valued at about $259,000. Finally, Eagle Asset Management Inc. lifted its stake in shares of ENI by 38.4% in the fourth quarter. Eagle Asset Management Inc. now owns 8,950 shares of the oil and gas exploration company’s stock valued at $304,000 after purchasing an additional 2,481 shares during the period. Hedge funds and other institutional investors own 1.73% of the company’s stock.
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ENI Company Profile
Eni S.p.A. engages in the oil and gas, electricity generation and sale, and petrochemicals businesses. The company is involved in the oil and natural gas exploration, and field development and production activities, as well as liquefied natural gas (LNG) operations in 44 countries, including Italy, Libya, Egypt, Norway, the United Kingdom, Angola, Congo, Nigeria, the United States, Kazakhstan, Algeria, Australia, Venezuela, Iraq, Ghana, and Mozambique.
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