E.On (OTCMKTS:EONGY) Sets New 1-Year High Following Analyst Upgrade

E.On Se (OTCMKTS:EONGY)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $19.6050 and last traded at $19.55, with a volume of 7048 shares traded. The stock had previously closed at $19.21.

Separately, Citigroup reiterated a “neutral” rating on shares of E.On in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

E.On Price Performance

The firm has a market cap of $50.43 billion, a P/E ratio of 16.02, a PEG ratio of 5.57 and a beta of 0.81. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79. The company’s 50-day moving average is $18.31 and its two-hundred day moving average is $18.45.

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

About E.On

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.