Recent important negative changes in fundamentals have affected Eni SpA (NYSE: E): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Extremely significant negative changes in Eni SpA (NYSE: E) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. 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 C (High Neutral). 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 poor Power Rating of 29, triggering the High Neutral Value Trend Rating.
Recent Price Action
Eni SpA (NYSE: E) stock rose modestly by 0.4% on 10/11/24. The stock closed at $31.35. However, exceptionally low trading volume at 38% of normal accompanied the advance. The stock has declined -0.6% during the last week and has performed in line with the market over the last nine months.
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