The stock of Eni SpA (ADR) (NYSE:E) is a huge mover today! About 548,281 shares traded hands or 35.83% up from the average. Eni SpA (ADR) (NYSE:E) has declined 2.74% since March 11, 2016 and is downtrending. It has underperformed by 8.20% the S&P500.
The move comes after 6 months positive chart setup for the $53.66 billion company. It was reported on Oct, 14 by Barchart.com. We have $46.77 PT which if reached, will make NYSE:E worth $30.59B more.
Analysts await Eni SpA (ADR) (NYSE:E) to report earnings on November, 3.
Eni SpA (ADR) (NYSE:E) Ratings Coverage
Out of 10 analysts covering Eni S.p.A. (NYSE:E), 3 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 30% are positive. Eni S.p.A. has been the topic of 11 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Monday, March 21 by RBC Capital Markets. The stock of Eni SpA (ADR) (NYSE:E) has “Neutral” rating given on Wednesday, December 2 by Citigroup. The stock of Eni SpA (ADR) (NYSE:E) earned “Hold” rating by Societe Generale on Monday, May 2. The company was maintained on Friday, July 31 by RBC Capital Markets. On Tuesday, January 12 the stock rating was upgraded by Jefferies to “Hold”. Deutsche Bank upgraded Eni SpA (ADR) (NYSE:E) on Wednesday, October 5 to “Buy” rating. Morgan Stanley downgraded the shares of E in a report on Monday, November 2 to “Underweight” rating. The firm earned “Underperform” rating on Monday, September 28 by BMO Capital Markets. The stock of Eni SpA (ADR) (NYSE:E) earned “Outperform” rating by Credit Suisse on Wednesday, March 16. The stock of Eni SpA (ADR) (NYSE:E) has “Neutral” rating given on Monday, October 12 by Nomura.
According to Zacks Investment Research, “ENI explores for, produces, refines, transports and markets natural gas, oil and produces chemicals. ENI offers engineering and project management services to the petroleum industry operating in 80 countries.”
More notable recent Eni SpA (ADR) (NYSE:E) news were published by: Businessfinancenews.com which released: “Crude Oil Pipeline of Eni SpA (ADR) in Nigeria’s Bayelsa State Rocked by an Attack” on May 24, 2016, also Businessfinancenews.com with their article: “Exxon Mobil Corporation Cracks Deal with Eni SpA Over Mozambique LNG Project” published on August 07, 2016, Businessfinancenews.com published: “Eni SpA, BP plc Discover New Gas Fields in Egypt” on June 10, 2016. More interesting news about Eni SpA (ADR) (NYSE:E) were released by: Businessfinancenews.com and their article: “Eni SpA to Cost Cuts and Asset Sales Amid Low Oil Prices” published on March 20, 2016 as well as Businessfinancenews.com‘s news article titled: “Italy’s Eni Spa Reports Massive Loss Amid Oil Price Slump” with publication date: April 29, 2016.
E Company Profile
Eni SpA (Eni), incorporated in 1953, is engaged in gas and oil exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products and commodity trading. The Company’s divisions include Exploration & Production, Gas & Power, and Refining & Marketing. Eni has activities in approximately 70 countries.
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