ENI (NYSE:E) Sets New 12-Month Low – Should You Sell?

Eni S.p.A. (NYSE:E)’s share price hit a new 52-week low on Monday . The stock traded as low as $28.74 and last traded at $28.74, with a volume of 84086 shares. The stock had previously closed at $29.01.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BNP Paribas upgraded shares of ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Sanford C. Bernstein downgraded ENI from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Royal Bank of Canada raised shares of ENI from a “sector perform” rating to an “outperform” rating in a report on Monday, July 29th. StockNews.com upgraded shares of ENI from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley raised ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 target price on the stock in a report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.60.

ENI Trading Down 1.2 %

The business’s 50 day simple moving average is $30.62 and its two-hundred day simple moving average is $30.98. The stock has a market cap of $48.36 billion, a P/E ratio of 17.37, a PEG ratio of 1.27 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of E. Natixis Advisors LLC increased its position in shares of ENI by 12.8% during the third quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company’s stock worth $77,179,000 after buying an additional 288,968 shares during the period. FMR LLC grew its holdings in ENI by 33.5% during the 3rd quarter. FMR LLC now owns 583,677 shares of the oil and gas exploration company’s stock worth $17,691,000 after acquiring an additional 146,431 shares during the period. Raymond James & Associates raised its position in shares of ENI by 0.7% in the 3rd quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company’s stock worth $15,274,000 after acquiring an additional 3,738 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of ENI by 7.3% in the 2nd quarter. American Century Companies Inc. now owns 333,308 shares of the oil and gas exploration company’s stock valued at $10,263,000 after purchasing an additional 22,695 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of ENI during the 2nd quarter valued at about $6,875,000. 1.18% of the stock is owned by institutional investors and hedge funds.

ENI Company Profile

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.