Eni SpA (NYSE:E – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 831,799 shares, a drop of 39.0% from the July 30th total of 1,364,063 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 315,855 shares, the days-to-cover ratio is presently 2.6 days.
ENI Price Performance
E stock traded up $1.41 during trading on Monday, reaching $54.22. 28,992 shares of the company were exchanged, compared to its average volume of 452,650. ENI has a twelve month low of $34.03 and a twelve month high of $58.00. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.23 and a quick ratio of 1.05. The company has a market capitalization of $91.51 billion, a price-to-earnings ratio of 13.87, a P/E/G ratio of 0.24 and a beta of 0.39. The company has a 50-day moving average of $51.40 and a two-hundred day moving average of $51.80.
ENI (NYSE:E – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The business had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. As a group, equities analysts predict that ENI will post 5.77 earnings per share for the current fiscal year.
Institutional Trading of ENI
Analysts Set New Price Targets
Several brokerages recently weighed in on E. Weiss Ratings lowered shares of ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Erste Group Bank lowered ENI from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.30.
Check Out Our Latest Stock Report on ENI
ENI Company Profile
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.
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