Eni SpA (E) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for E, as the stock is now down almost 13% since Feb 24, 2015.
Although this slump was obviously disappointing, the oil and gas company has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for E. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
E currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Braskem S.A. (BAK), holding a Zacks Rank #2 (Buy).
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Eni SpA (E) in Focus: Stock Falls 5.2% - Tale of the Tape
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