ENI S.p.A. (NYSE:E) has risen sharply, recording gains of 3.5% in the past 4 weeks. However, the stock has corrected -3.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -7.42% from its 1 Year high price. On Oct 16, 2015, the shares registered one year high at $36.02 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $31.08 and the 200 Day Moving Average price is recorded at $29.76.
The stock has recorded a 20-day Moving Average of 2.81% and the 50-Day Moving Average is 4.65%.
ENI S.p.A. (NYSE:E): stock turned positive on Friday. Though the stock opened at $31.67, the bulls momentum made the stock top out at $32.19 level for the day. The stock recorded a low of $31.58 and closed the trading day at $32.19, in the green by 3.14%. The total traded volume for the day was 844,721. The stock had closed at $31.21 in the previous days trading.
Eni SpA (Eni) is engaged in oil and gas exploration, development and production, marketing of gas, electricity and liquefied natural gas (LNG), power generation, refining and marketing of petroleum products, production and marketing of petrochemical products, commodity trading and oilfield services and engineering industries. The Companys operating segments includes Exploration & Production, which engages in oil and natural gas exploration and field development and production; Gas & Power, which engages in supply, trading and marketing of gas and electricity, international gas transport activities, and LNG supply and marketing; Refining & Marketing, which engages in crude oil supply and refining and marketing of petroleum products; Chemicals activities include production of olefins and aromatics, basic intermediate products, polyethylene and elastomers, and Engineering & Construction, which engages in oilfield services, construction and engineering activities.