ENI (NYSE:E) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Eni SpA (NYSE:E)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $52.28 and traded as high as $54.24. ENI shares last traded at $53.53, with a volume of 378,298 shares trading hands.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Weiss Ratings downgraded ENI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Erste Group Bank cut shares of ENI from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Zacks Research upgraded ENI from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen upgraded ENI from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.15.

ENI Price Performance

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 firm has a fifty day moving average of $52.25 and a two-hundred day moving average of $52.28. The stock has a market capitalization of $90.36 billion, a P/E ratio of 13.69, a P/E/G ratio of 0.24 and a beta of 0.38.

ENI (NYSE:E) last issued its earnings results on Tuesday, July 28th. The oil and gas exploration company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.10. ENI had a net margin of 6.51% and a return on equity of 11.27%. The company had revenue of $25.87 billion for the quarter, compared to analysts’ expectations of $27.93 billion. On average, analysts predict that Eni SpA will post 5.83 EPS for the current year.

ENI Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 7th. Investors of record on Tuesday, September 22nd will be paid a $0.6276 dividend. The ex-dividend date of this dividend is Tuesday, September 22nd. This represents a $2.51 dividend on an annualized basis and a yield of 4.7%. ENI’s payout ratio is 44.25%.

Institutional Trading of ENI

Several hedge funds and other institutional investors have recently bought and sold shares of E. DV Equities LLC acquired a new stake in ENI in the 4th quarter worth approximately $35,000. Manchester Capital Management LLC raised its holdings in shares of ENI by 56.8% in the fourth quarter. Manchester Capital Management LLC now owns 1,206 shares of the oil and gas exploration company’s stock worth $46,000 after buying an additional 437 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of ENI during the third quarter worth $47,000. Larson Financial Group LLC grew its holdings in shares of ENI by 37.5% during the third quarter. Larson Financial Group LLC now owns 1,387 shares of the oil and gas exploration company’s stock valued at $48,000 after buying an additional 378 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of ENI in the 3rd quarter valued at $48,000. Institutional investors own 1.18% of the company’s stock.

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.