The stock of Eni SpA (ADR) (NYSE:E) is a huge mover today! About 374,824 shares traded hands. Eni SpA (ADR) (NYSE:E) has declined 17.27% since April 27, 2016 and is downtrending. It has underperformed by 22.49% the S&P500.
The move comes after 7 months positive chart setup for the $51.49B company. It was reported on Nov, 30 by Barchart.com. We have $30.12 PT which if reached, will make NYSE:E worth $4.12 billion more.
Analysts await Eni SpA (ADR) (NYSE:E) to report earnings on February, 24.
Eni SpA (ADR) (NYSE:E) Ratings Coverage
Out of 11 analysts covering Eni S.p.A. (NYSE:E), 3 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 27% are positive. Eni S.p.A. has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, November 6 by BTIG Research. JP Morgan downgraded Eni SpA (ADR) (NYSE:E) on Wednesday, November 2 to “Underweight” rating. Jefferies upgraded the stock to “Hold” rating in Tuesday, January 12 report. Nomura upgraded the stock to “Neutral” rating in Monday, October 12 report. The firm earned “Underweight” rating on Monday, November 2 by Morgan Stanley. As per Monday, May 2, the company rating was downgraded by Societe Generale. The firm has “Neutral” rating by Citigroup given on Wednesday, December 2. The firm has “Outperform” rating by RBC Capital Markets given on Monday, March 21. The stock has “Buy” rating given by Deutsche Bank on Wednesday, October 5. The rating was maintained by Credit Suisse with “Outperform” on Wednesday, March 16.
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 to Cost Cuts and Asset Sales Amid Low Oil Prices” on March 20, 2016. More interesting news about Eni SpA (ADR) (NYSE:E) were released by: Businessfinancenews.com and their article: “Eni SpA, BP plc Discover New Gas Fields in Egypt” published on June 10, 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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