E.On (OTCMKTS:EONGY) Sees Large Volume Increase – Should You Buy?

E.On Se (OTCMKTS:EONGY) shares saw unusually-strong trading volume on Thursday . Approximately 568,749 shares were traded during mid-day trading, an increase of 299% from the previous session’s volume of 142,480 shares.The stock last traded at $19.9825 and had previously closed at $19.87.

Analyst Upgrades and Downgrades

A number of research firms have commented on EONGY. Zacks Research upgraded E.On from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 5th. Citigroup reissued a “neutral” rating on shares of E.On in a research note on Wednesday, December 3rd. Finally, Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, E.On has a consensus rating of “Moderate Buy”.

E.On Price Performance

The company has a 50 day moving average of $18.67 and a 200 day moving average of $18.58. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85. The stock has a market capitalization of $52.36 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 5.78 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings results on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The company had revenue of $18.51 billion during the quarter, compared to analyst estimates of $21.43 billion. As a group, equities research analysts anticipate that E.On Se will post 1.16 EPS for the current year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.