ENI (NYSE:E) Hits New 1-Year Low - Time to Sell?

Eni S.p.A. (NYSE:E - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $27.75 and last traded at $27.81, with a volume of 110365 shares changing hands. The stock had previously closed at $27.87.

Analyst Upgrades and Downgrades

E has been the topic of a number of research reports. Sanford C. Bernstein cut shares of ENI from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Jefferies Financial Group reissued a "buy" rating on shares of ENI in a research note on Tuesday, October 15th. Morgan Stanley upgraded shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 target price for the company in a report on Thursday, August 29th. StockNews.com upgraded ENI from a "hold" rating to a "buy" rating in a research note on Friday, November 1st. Finally, BNP Paribas upgraded ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $39.60.

ENI Stock Down 0.1 %

The company has a market cap of $46.99 billion, a P/E ratio of 16.67, a P/E/G ratio of 1.68 and a beta of 0.93. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.27 and a quick ratio of 1.07. The company's 50-day moving average is $29.68 and its two-hundred day moving average is $30.60.

Institutional Investors Weigh In On ENI

Large investors have recently bought and sold shares of the business. Natixis Advisors LLC raised its stake in ENI by 12.8% during the 3rd quarter. Natixis Advisors LLC now owns 2,546,312 shares of the oil and gas exploration company's stock valued at $77,179,000 after buying an additional 288,968 shares during the last quarter. FMR LLC grew its holdings in shares of ENI by 33.5% in the third 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 increased its position in ENI by 0.7% during the third quarter. Raymond James & Associates now owns 503,920 shares of the oil and gas exploration company's stock valued at $15,274,000 after acquiring an additional 3,738 shares during the last quarter. American Century Companies Inc. lifted its holdings in ENI by 7.3% in the second 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 acquiring an additional 22,695 shares during the period. Finally, Marshall Wace LLP purchased a new position in ENI in the second quarter worth about $6,875,000. 1.18% of the stock is currently owned by institutional investors.

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.