Favorable News Coverage Somewhat Unlikely to Impact ENI (NYSE:E) Share Price
Media headlines about ENI (NYSE:E) have been trending positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ENI earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave news articles about the oil and gas exploration company an impact score of 45.2605465362657 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
- Oil to stay above $70? Claudio Descalzi, Eni’s Chief doesn’t think so (petroleumworld.com)
- Europe’s $900 Billion a Year Natural Gas Market Is Headed South (bloombergquint.com)
- Can Oil Stay Above $70? Eni’s Chief Doesn’t Think So (hellenicshippingnews.com)
- Oil slips below $66 as rigs, dollar rise (msn.com)
- Oil Declines Below $66 as Rig Count Rises, Dollar Stronger (bloombergquint.com)
ENI (E) traded down $0.32 during trading hours on Tuesday, reaching $36.25. The company had a trading volume of 34,007 shares, compared to its average volume of 228,780. ENI has a twelve month low of $29.44 and a twelve month high of $37.48. The firm has a market cap of $67,650.38, a price-to-earnings ratio of 36.33 and a beta of 0.82. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.44.
A number of analysts recently commented on E shares. Zacks Investment Research raised ENI from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Thursday, December 28th. Goldman Sachs Group reaffirmed a “buy” rating on shares of ENI in a research note on Monday, December 11th. Finally, raised ENI from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.00.
Eni SpA (Eni) is an Italy-based company engaged in the exploration, development and production of hydrocarbons, in the supply and marketing of gas, liquefied natural gas (LNG) and power, in the refining and marketing of petroleum products, in the production and marketing of basic petrochemicals, plastics and elastomers and in commodity trading.
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