Eni S.p.A. (NYSE:E) Short Interest Up 30.3% in March


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Eni S.p.A. (NYSE:E) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,850,000 shares, an increase of 30.3% from the March 15th total of 1,420,000 shares. Based on an average daily trading volume, of 391,700 shares, the days-to-cover ratio is currently 4.7 days. Currently, 0.1% of the company’s stock are sold short.

Shares of NYSE E opened at $24.46 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $24.43 and its two-hundred day moving average is $20.75. The company has a market cap of $44.45 billion, a P/E ratio of -4.06 and a beta of 1.06. ENI has a 12 month low of $13.36 and a 12 month high of $25.23.

ENI (NYSE:E) last issued its quarterly earnings results on Friday, February 19th. The oil and gas exploration company reported $0.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.02. The company had revenue of $14.24 billion for the quarter. ENI had a negative return on equity of 0.62% and a negative net margin of 19.46%. Sell-side analysts expect that ENI will post -1.01 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in E. Mackenzie Financial Corp boosted its stake in ENI by 14.5% in the 4th quarter. Mackenzie Financial Corp now owns 1,715,637 shares of the oil and gas exploration company’s stock valued at $35,342,000 after buying an additional 217,500 shares in the last quarter. CI Investments Inc. boosted its stake in ENI by 479.4% in the 4th quarter. CI Investments Inc. now owns 770,894 shares of the oil and gas exploration company’s stock valued at $15,880,000 after buying an additional 637,841 shares in the last quarter. Comerica Bank boosted its stake in ENI by 4.8% in the 4th quarter. Comerica Bank now owns 102,101 shares of the oil and gas exploration company’s stock valued at $2,139,000 after buying an additional 4,671 shares in the last quarter. OLD Mission Capital LLC acquired a new stake in ENI in the 3rd quarter valued at $1,438,000. Finally, Toroso Investments LLC acquired a new stake in ENI in the 4th quarter valued at $1,298,000.

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on ENI in a report on Tuesday. They set a “buy” rating for the company. Credit Suisse Group raised ENI from an “underperform” rating to a “neutral” rating in a research note on Monday. Morgan Stanley raised ENI from an “underweight” rating to an “overweight” rating in a research note on Tuesday, March 30th. UBS Group reissued a “buy” rating on shares of ENI in a research note on Wednesday, February 24th. Finally, Royal Bank of Canada raised ENI from an “underperform” rating to a “sector perform” rating in a research note on Monday, February 22nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. ENI has an average rating of “Hold” and a consensus target price of $16.00.

About ENI

Franklin Resources, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, institutions, pension plans, trusts, and partnerships. It launches equity, fixed income, balanced, and multi-asset mutual funds through its subsidiaries.

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