How Will the Market React to Eni SpA (E) Stock Getting a Neutral Rating

Overall market sentiment has been neutral on Eni SpA (E) stock lately. E receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Eni SpA has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on E!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With E Stock Today?

Eni SpA (E) stock is trading at $31.51 as of 12:22 PM on Wednesday, Mar 27, a gain of $0.20, or 0.64% from the previous closing price of $31.31. The stock has traded between $31.39 and $31.60 so far today. Volume today is below average. So far 68,234 shares have traded compared to average volume of 245,000 shares. To see InvestorsObserver's Sentiment Score for Eni SpA click here.

More About Eni SpA

Eni is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, the company produced 0.8 million barrels of liquids and 4.6 billion cubic feet of natural gas per day. At end-2021, Eni held reserves of 6.6 billion barrels of oil equivalent, 49% 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, Plentitude; it plans to list publicly in 2022. Click Here to get the full Stock Report for Eni SpA stock.