Alert: Negative Investment/Fundamental Signals (10/1/24)-Eni SpA (NYSE: E)

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Eni SpA (NYSE: E). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.

Significant negative changes in Eni SpA (NYSE: E) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

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.

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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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Eni SpA has a very high Appreciation Score of 95 but a slightly negative Power Rating of 30, resulting in the Positive Value Trend Rating.

Recent Price Action

On 10/1/24, Eni SpA (NYSE: E) stock increased 1.5%, closing at $30.77. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -3.8% during the last week.

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