Some Traders See Unusual Bullish Options Activity in Eni SpA (ADR)

 Some Traders See Unusual Bullish Options Activity in Eni SpA (ADR)

In today’s session Eni SpA (ADR) (E) registered an unusually high (400) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious E increase. With 400 contracts traded and 254 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: E161216C00027500 closed last at: $0.6 or 25% down. About 61,253 shares traded hands. Eni SpA (ADR) (NYSE:E) has declined 15.44% since April 20, 2016 and is downtrending. It has underperformed by 19.99% the S&P500.

Eni SpA (ADR) (NYSE:E) Ratings Coverage

Out of 11 analysts covering Eni S.p.A. (NYSE:E), 3 rate it a “Buy”, 3 “Sell”, while 5 “Hold”. This means 27% are positive. Eni S.p.A. has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets with “Underperform” on Monday, September 28. The stock of Eni SpA (ADR) (NYSE:E) earned “Hold” rating by Societe Generale on Monday, May 2. As per Wednesday, March 16, the company rating was maintained by Credit Suisse. The firm earned “Buy” rating on Wednesday, October 5 by Deutsche Bank. JP Morgan downgraded Eni SpA (ADR) (NYSE:E) on Wednesday, November 2 to “Underweight” rating. On Friday, July 31 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Tuesday, January 12, the company rating was upgraded by Jefferies. The company was upgraded on Monday, March 21 by RBC Capital Markets. The stock of Eni SpA (ADR) (NYSE:E) earned “Neutral” rating by Citigroup on Wednesday, December 2. Nomura upgraded Eni SpA (ADR) (NYSE:E) on Monday, October 12 to “Neutral” rating.

According to Zacks Investment Research, “ENI explores for, produces, refines, transports and markets natural gas, oil and produces chemicals. ENI offers engineering and project management services to the petroleum industry operating in 80 countries.”

Eni SpA 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 and commodity trading. The company has a market cap of $48.38 billion. The Company’s divisions include Exploration & Production, Gas & Power, and Refining & Marketing. It currently has negative earnings. The Company’s Exploration & Production segment engages in oil and natural gas exploration and field development and production, as well as LNG operations.

E Company Profile

Eni SpA (Eni), incorporated in 1953, is engaged in gas and oil 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 and commodity trading. The Company’s divisions include Exploration & Production, Gas & Power, and Refining & Marketing. Eni has activities in approximately 70 countries.

More notable recent Eni SpA (ADR) (NYSE:E) news were published by: Businessfinancenews.com which released: “Crude Oil Pipeline of Eni SpA (ADR) in Nigeria’s Bayelsa State Rocked by an Attack” on May 24, 2016, also Businessfinancenews.com with their article: “Exxon Mobil Corporation Cracks Deal with Eni SpA Over Mozambique LNG Project” published on August 07, 2016, Businessfinancenews.com published: “Eni SpA to Cost Cuts and Asset Sales Amid Low Oil Prices” on March 20, 2016. More interesting news about Eni SpA (ADR) (NYSE:E) were released by: Businessfinancenews.com and their article: “Eni SpA, BP plc Discover New Gas Fields in Egypt” published on June 10, 2016 as well as Businessfinancenews.com‘s news article titled: “Italy’s Eni Spa Reports Massive Loss Amid Oil Price Slump” with publication date: April 29, 2016.

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