Eni SpA (NYSE: E) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have impacted Eni SpA (NYSE: E): significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
E’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Eni SpA has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Eni SpA has a very high Appreciation Score of 95 but a slightly negative Power Rating of 33, leading to the Positive Value Trend Rating.
Recent Price Action
Eni SpA (NYSE: E) stock closed at $30.90 on 5/22/24 after a modest decline of -1.5%. Moreover, exceptionally high trading volume at 309% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.5% during the last week.
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