Eni S.p.A. (NYSE:E) Short Interest Update

Eni S.p.A. (NYSE:E) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 969,000 shares, a drop of 6.8% from the August 15th total of 1,040,000 shares. Based on an average trading volume of 293,200 shares, the days-to-cover ratio is presently 3.3 days. Currently, 0.1% of the company’s stock are sold short.

ENI Stock Up 0.2 %

ENI stock opened at $31.68 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. ENI has a 1-year low of $28.82 and a 1-year high of $34.30. The firm’s fifty day simple moving average is $31.42 and its 200-day simple moving average is $31.53. The company has a market capitalization of $53.47 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.26 and a beta of 0.96.

ENI (NYSE:E) last posted its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.14). The company had revenue of $24.82 billion for the quarter, compared to the consensus estimate of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. Sell-side analysts forecast that ENI will post 4.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On ENI

Several institutional investors and hedge funds have recently added to or reduced their stakes in E. Allspring Global Investments Holdings LLC bought a new position in ENI in the 1st quarter worth $74,000. GAMMA Investing LLC increased its stake in shares of ENI by 19.8% in the second quarter. GAMMA Investing LLC now owns 2,442 shares of the oil and gas exploration company’s stock worth $75,000 after purchasing an additional 404 shares during the period. Barometer Capital Management Inc. acquired a new position in shares of ENI during the 4th quarter worth about $119,000. Toronto Dominion Bank bought a new stake in ENI during the 1st quarter valued at approximately $172,000. Finally, Arkadios Wealth Advisors acquired a new stake in ENI in the 1st quarter valued at approximately $218,000. 1.18% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

E has been the subject of several research reports. StockNews.com cut shares of ENI from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Morgan Stanley upgraded shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. Redburn Atlantic raised shares of ENI from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 25th. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Royal Bank of Canada raised ENI from a “sector perform” rating to an “outperform” rating in a research report on Monday, July 29th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.60.

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.