ENI (NYSE:E) Sees Strong Trading Volume

Eni S.p.A. (NYSE:EGet Rating) saw unusually-high trading volume on Friday . Approximately 48,663 shares were traded during mid-day trading, a decline of 90% from the previous session’s volume of 500,063 shares.The stock last traded at $25.09 and had previously closed at $26.35.

A number of analysts recently commented on E shares. HSBC raised ENI from a “hold” rating to a “buy” rating in a research report on Monday, March 21st. Royal Bank of Canada increased their price target on ENI from €14.00 ($14.58) to €14.50 ($15.10) in a research report on Tuesday, May 3rd. AlphaValue raised ENI to a “reduce” rating in a research report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft increased their price target on ENI from €14.70 ($15.31) to €14.90 ($15.52) and gave the company a “buy” rating in a research report on Wednesday, March 23rd. Finally, StockNews.com began coverage on ENI in a research report on Thursday, March 31st. They issued a “strong-buy” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $31.54.

The company has a market cap of $45.47 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of 0.40 and a beta of 0.89. The company has a 50 day moving average of $29.26 and a 200-day moving average of $29.19. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.11.

ENI (NYSE:EGet Rating) last posted its quarterly earnings data on Friday, April 29th. The oil and gas exploration company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.48. The company had revenue of $33.79 billion during the quarter. ENI had a return on equity of 17.57% and a net margin of 9.44%. Research analysts anticipate that Eni S.p.A. will post 6.72 EPS for the current year.

A number of hedge funds have recently modified their holdings of E. Clark Capital Management Group Inc. purchased a new position in shares of ENI in the fourth quarter worth about $25,814,000. Fisher Asset Management LLC increased its holdings in shares of ENI by 61.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,576,235 shares of the oil and gas exploration company’s stock worth $43,583,000 after buying an additional 598,297 shares during the period. SG Americas Securities LLC increased its holdings in shares of ENI by 171.5% in the first quarter. SG Americas Securities LLC now owns 594,777 shares of the oil and gas exploration company’s stock worth $17,397,000 after buying an additional 375,699 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of ENI by 18.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,185,838 shares of the oil and gas exploration company’s stock worth $63,936,000 after buying an additional 344,808 shares during the period. Finally, CI Investments Inc. increased its holdings in shares of ENI by 49.3% in the first quarter. CI Investments Inc. now owns 1,021,808 shares of the oil and gas exploration company’s stock worth $29,888,000 after buying an additional 337,488 shares during the period. 1.23% of the stock is owned by hedge funds and other institutional investors.

About ENI (NYSE:E)

Eni S.p.A. engages in the exploration, development, and production of crude oil and natural gas. It operates through Exploration & Production; Global Gas & LNG Portfolio; Refining & Marketing and Chemicals; Plenitude and Power; and Corporate and Other activities segments. The Exploration & Production segment is involved in the research, development, and production of oil, condensates and natural gas; and forestry conservation and CO2 capture and storage projects.

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