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Eni SpA (NYSE:E)’s share price hit a new 52-week high during trading on Friday , American Banking and Market News reports. The company traded as high as $53.12 and last traded at $52.85, with a volume of 101,100 shares. The stock had previously closed at $51.88.

A number of analysts have recently weighed in on E shares. Analysts at Jefferies Group initiated coverage on shares of Eni SpA in a research note on Thursday, May 29th. They set an “underperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Eni SpA in a research note on Thursday, April 10th. They now have a $53.00 price target on the stock. Finally, analysts at BNP Paribas upgraded shares of Eni SpA from a “neutral” rating to an “outperform” rating in a research note on Thursday, April 10th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Eni SpA has a consensus rating of “Hold” and an average target price of $41.92.

The stock has a 50-day moving average of $51.38 and a 200-day moving average of $48.72. The company has a market cap of $95.680 billion and a P/E ratio of 14.10. Eni SpA also was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 1,425,580 shares, a growth of 62.2% from the April 30th total of 878,676 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 190,964 shares, the days-to-cover ratio is presently 7.5 days.

Eni SpA (NYSE:E) last announced its earnings results on Thursday, May 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by $0.02.

Eni SpA is an Italy-based multinational oil and gas company. It operates through seven segments. The Refining & Marketing segment focuses on refining and marketing of petroleum products.

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