ENI (NYSE:E) Sees Unusually-High Trading Volume - Here's What Happened

Eni S.p.A. (NYSE:E - Get Free Report) shares saw an uptick in trading volume on Thursday . 238,779 shares changed hands during mid-day trading, a decline of 19% from the previous session's volume of 296,124 shares.The stock last traded at $31.06 and had previously closed at $31.35.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. BNP Paribas raised shares of ENI from an "underperform" rating to a "neutral" rating in a research note on Friday, September 13th. Royal Bank of Canada upgraded shares of ENI from a "sector perform" rating to an "outperform" rating in a research note on Monday, July 29th. StockNews.com cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Friday, September 13th. Stifel Nicolaus cut shares of ENI from a "buy" rating to a "hold" rating in a research note on Friday, July 19th. Finally, Morgan Stanley upgraded shares of ENI from an "equal weight" rating to an "overweight" rating and set a $39.60 price objective for the company in a research note on Thursday, August 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, ENI has an average rating of "Hold" and an average price target of $39.60.

ENI Trading Up 0.6 %

The company's fifty day moving average price is $31.53 and its two-hundred day moving average price is $31.48. The company has a current ratio of 1.28, a quick ratio of 1.09 and a debt-to-equity ratio of 0.42. The firm has a market cap of $53.24 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96.

ENI (NYSE:E - Get Free Report) last released its earnings results on Friday, July 26th. The oil and gas exploration company reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.12 by ($0.14). The business had revenue of $24.82 billion for the quarter, compared to analyst estimates of $25.74 billion. ENI had a net margin of 4.21% and a return on equity of 11.84%. As a group, sell-side analysts predict that Eni S.p.A. will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On ENI

Several institutional investors have recently added to or reduced their stakes in E. Marshall Wace LLP bought a new position in shares of ENI during the 2nd quarter worth approximately $6,875,000. Manning & Napier Advisors LLC bought a new position in ENI during the second quarter worth $3,764,000. Teachers Retirement System of The State of Kentucky bought a new position in ENI during the second quarter worth $3,141,000. Lighthouse Investment Partners LLC bought a new position in ENI during the second quarter worth $3,079,000. Finally, Cubist Systematic Strategies LLC boosted its position in ENI by 269.6% during the second quarter. Cubist Systematic Strategies LLC now owns 118,755 shares of the oil and gas exploration company's stock worth $3,656,000 after purchasing an additional 86,620 shares during the period. 1.18% of the stock is owned by institutional investors.

About ENI

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.