E.On (OTCMKTS:EONGY) Sees Strong Trading Volume – Time to Buy?

E.On Se (OTCMKTS:EONGY) shares saw unusually-strong trading volume on Tuesday. Approximately 736,568 shares changed hands during trading, an increase of 237% from the average daily volume of 218,656 shares. The stock last traded at $21.57 and had previously closed at $21.63.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EONGY. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 25th. Sanford C. Bernstein upgraded shares of E.On to a “strong-buy” rating in a report on Wednesday, October 21st. Finally, UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

E.On Trading Down 0.4%

The business has a fifty day moving average of $20.10 and a 200-day moving average of $21.23. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96. The company has a market capitalization of $56.31 billion, a P/E ratio of 14.36, a PEG ratio of 4.94 and a beta of 0.67.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The business had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.35%. Analysts anticipate that E.On Se will post 1.23 earnings per share for the current fiscal year.

E.On Company Profile

E.ON SE is a Germany-based energy company focused primarily on energy networks and customer solutions. The company operates electricity distribution networks and gas networks, helping deliver energy to homes, businesses and other organizations. E.ON also supplies electricity and gas to retail and commercial customers and provides services such as energy management, energy efficiency and electric-vehicle charging. Its operations span several European countries, with a substantial presence in Germany and the United Kingdom.