E Stock Summary and Trading Ideas (Eni S.P.A. | NYSE:E)

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2023, Eni held reserves of 6.4 billion barrels of oil equivalent, 48% of which are liquids. The Italian government owns a 30.1% stake in the company. Eni is placing its renewable and low-carbon business in a separate entity called Plentitude, which it will likely list publicly at some point.

Eni S.P.A. trades on the NYSE stock market under the symbol E.

As of December 13, 2024, E stock price declined to $27.84 with 369,374 million shares trading.

E has a beta of 0.22, meaning it tends to be less sensitive to market movements. E has a correlation of 0.02 to the broad based SPY ETF.

E has a market cap of $43.24 billion. This is considered a Large Cap stock.

In the last 3 years, E traded as high as $34.30 and as low as $20.38.

The top ETF exchange traded funds that E belongs to (by Net Assets): AVDE, AVIV, APIE, CVY, HAP.

E has underperformed the market in the last year with a price return of -7.1% while the SPY ETF gained +29.9%. E has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.5% and -1.2%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

E support price is $27.56 and resistance is $28.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that E shares will trade within this expected range on the day.