ENI (NYSE:E) Sets New 1-Year Low – Should You Sell?

Eni S.p.A. (NYSE:E) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $28.74 and last traded at $28.81, with a volume of 40681 shares trading hands. The stock had previously closed at $29.37.

Analysts Set New Price Targets

Several brokerages have issued reports on E. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a report on Tuesday, October 15th. Royal Bank of Canada upgraded shares of ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. StockNews.com raised ENI from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.60.

ENI Trading Down 0.3 %

The firm’s 50 day moving average is $30.87 and its two-hundred day moving average is $31.14. The company has a market cap of $49.42 billion, a P/E ratio of 17.42, a PEG ratio of 1.28 and a beta of 0.95. The company has a quick ratio of 1.07, a current ratio of 1.27 and a debt-to-equity ratio of 0.41.

Institutional Investors Weigh In On ENI

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC purchased a new position in ENI during the 1st quarter worth $74,000. GAMMA Investing LLC boosted its holdings in ENI by 19.8% during the 2nd quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock valued at $75,000 after acquiring an additional 404 shares during the period. Toronto Dominion Bank bought a new position in ENI during the 1st quarter worth approximately $172,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of ENI in the third quarter worth $212,000. Finally, Pitcairn Co. bought a new position in ENI in the first quarter worth $218,000. Institutional investors and hedge funds own 1.18% of the company’s stock.

About ENI

Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.