ENI (NYSE:E) Hits New 12-Month High on Analyst Upgrade

Eni SpA (NYSE:E) shares reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. upgraded the stock from an underweight rating to an overweight rating. The company traded as high as $47.80 and last traded at $47.4120, with a volume of 839650 shares traded. The stock had previously closed at $46.94.

A number of other brokerages also recently issued reports on E. Citigroup reaffirmed a “neutral” rating on shares of ENI in a research report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Barclays reaffirmed an “overweight” rating on shares of ENI in a report on Friday, December 12th. Erste Group Bank upgraded ENI to a “strong-buy” rating in a report on Wednesday, February 18th. Finally, UBS Group raised ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ENI has an average rating of “Hold” and an average price target of $34.60.

Institutional Trading of ENI

Several institutional investors have recently added to or reduced their stakes in the stock. NewSquare Capital LLC grew its holdings in ENI by 179.3% during the 2nd quarter. NewSquare Capital LLC now owns 916 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 588 shares in the last quarter. DV Equities LLC bought a new position in shares of ENI during the fourth quarter worth about $35,000. MAI Capital Management grew its stake in ENI by 2,488.4% in the second quarter. MAI Capital Management now owns 1,113 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 1,070 shares in the last quarter. Manchester Capital Management LLC grew its stake in ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after purchasing an additional 437 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in ENI in the third quarter valued at about $47,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $40.88 and a 200-day simple moving average of $37.81.

ENI (NYSE:E) last issued its earnings results on Thursday, February 26th. The oil and gas exploration company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The company had revenue of $24.33 billion during the quarter, compared to analyst estimates of $19.45 billion. ENI had a return on equity of 9.22% and a net margin of 3.07%. As a group, equities research analysts predict that Eni SpA will post 3.74 EPS for the current fiscal year.

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.