ENI (NYSE:E) Shares Gap Down – Here’s Why

by · The Cerbat Gem

Shares of Eni SpA (NYSE:EGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $55.39, but opened at $52.09. ENI shares last traded at $51.2120, with a volume of 179,799 shares.

Wall Street Analysts Forecast Growth

E has been the topic of a number of research analyst reports. Zacks Research upgraded ENI from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. BNP Paribas Exane upgraded ENI from a “neutral” rating to an “outperform” rating and set a $64.30 target price for the company in a research report on Friday. Royal Bank Of Canada boosted their price target on shares of ENI from $24.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ENI in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of ENI from an “underweight” rating to an “overweight” rating in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.30.

Read Our Latest Stock Report on ENI

ENI Stock Performance

The company has a debt-to-equity ratio of 0.38, a current ratio of 1.19 and a quick ratio of 1.04. The business has a 50-day moving average of $50.12 and a 200-day moving average of $41.83. The company has a market capitalization of $87.01 billion, a P/E ratio of 30.33, a P/E/G ratio of 0.26 and a beta of 0.44.

ENI (NYSE:EGet Free Report) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas exploration company reported $0.02 earnings per share for the quarter. The business had revenue of $24.64 billion for the quarter. ENI had a net margin of 3.07% and a return on equity of 9.27%. On average, sell-side analysts anticipate that Eni SpA will post 3.74 EPS for the current year.

ENI Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Tuesday, March 24th were issued a dividend of $0.6137 per share. This represents a $2.45 annualized dividend and a yield of 4.8%. The ex-dividend date was Tuesday, March 24th. This is a positive change from ENI’s previous quarterly dividend of $0.58. ENI’s payout ratio is currently 97.65%.

Institutional Trading of ENI

Several institutional investors have recently added to or reduced their stakes in E. Larry Mathis Financial Planning LLC bought a new position in shares of ENI during the fourth quarter valued at approximately $268,000. Corient Private Wealth LLC lifted its stake in shares of ENI by 4.0% during the 4th quarter. Corient Private Wealth LLC now owns 55,003 shares of the oil and gas exploration company’s stock worth $2,087,000 after acquiring an additional 2,117 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of ENI by 7.3% during the 4th quarter. Compound Planning Inc. now owns 10,667 shares of the oil and gas exploration company’s stock worth $405,000 after acquiring an additional 724 shares during the last quarter. EP Wealth Advisors LLC purchased a new position in ENI during the 4th quarter valued at $275,000. Finally, Inspire Investing LLC grew its position in ENI by 6.6% in the 4th quarter. Inspire Investing LLC now owns 7,961 shares of the oil and gas exploration company’s stock valued at $302,000 after acquiring an additional 493 shares during the last quarter. Institutional investors own 1.18% of the company’s stock.

About ENI

(Get Free Report)

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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