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

E.On Se (OTCMKTS:EONGY) gapped up prior to trading 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 traded.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Morgan Stanley restated an “overweight” rating on shares of E.On in a research note on Friday. DZ Bank raised E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

E.On Trading Up 3.3%

The business’s 50 day moving average is $21.18 and its two-hundred day moving average is $21.21. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $56.63 billion, a P/E ratio of 14.16, a PEG ratio of 4.76 and a beta of 0.72.

E.On (OTCMKTS:EONGY) last announced its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $25.55 billion during the quarter, compared to analyst estimates of $35.38 billion. E.On had a net margin of 4.58% and a return on equity of 12.12%. Analysts expect that E.On Se will post 1.25 EPS for the current 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.