E.On (OTCMKTS:EONGY) Shares Gap Up – Time to Buy?

E.On Se (OTCMKTS:EONGY) gapped up before the market opened on Monday . The stock had previously closed at $20.08, but opened at $21.73. E.On shares last traded at $21.65, with a volume of 5,237 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on EONGY shares. DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a research note on Friday. One research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, E.On has a consensus rating of “Hold”.

E.On Price Performance

The company has a fifty day simple moving average of $21.18 and a 200-day simple moving average of $21.21. The company has a market cap of $56.63 billion, a P/E ratio of 14.16, a PEG ratio of 4.76 and a beta of 0.72. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.95 and a quick ratio of 0.91.

E.On (OTCMKTS:EONGY) last released its quarterly earnings data on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11. The business had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion. E.On had a return on equity of 12.12% and a net margin of 4.58%. On average, sell-side analysts predict that E.On Se will post 1.25 earnings per share 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.