E.On (OTCMKTS:EONGY) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• E.On’s trading volume surged 506% to 1.21 million shares, while the stock rose to $19.21 from a prior close of $18.90.
• Analyst sentiment is generally positive: recent upgrades from UBS, Berenberg and Jefferies helped produce a consensus “Moderate Buy” rating, though five analysts still rate the stock a Hold.
• E.On’s latest quarter fell short of expectations, with earnings of $0.25 per share versus $0.35 expected and revenue of $18.89 billion versus a $40.44 billion consensus estimate.

E.On Se (OTCMKTS:EONGY - Get Free Report) saw an uptick in trading volume on Friday. 1,205,430 shares traded hands during trading, an increase of 506% from the previous session's volume of 198,985 shares. The stock last traded at $19.21 and had previously closed at $18.90.

Analyst Ratings Changes

Several research firms have recently weighed in on EONGY. Morgan Stanley reiterated an "overweight" rating on shares of E.On in a research note on Friday, July 3rd. UBS Group raised shares of E.On from a "hold" rating to a "buy" rating in a report on Monday, September 7th. Berenberg Bank upgraded shares of E.On from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 25th. Jefferies Financial Group raised shares of E.On from a "hold" rating to a "buy" rating in a report on Sunday, August 2nd. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of E.On in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

E.On Price Performance

The business's 50-day moving average price is $20.57 and its 200 day moving average price is $21.29. The company has a market capitalization of $49.88 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 4.42 and a beta of 0.68. The company has a quick ratio of 0.90, a current ratio of 0.96 and a debt-to-equity ratio of 1.38.

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

E.On Company Profile

E.ON SE is a German energy company headquartered in Essen, Germany. The company focuses primarily on energy networks and customer solutions, rather than conventional power generation. Its activities include operating electricity and gas distribution networks, supplying energy to residential and commercial customers, and providing related services such as heating, energy efficiency solutions and electric-vehicle charging.

E.ON serves customers across several European markets, including Germany, the United Kingdom, Sweden, Italy, the Netherlands and countries in Central and Eastern Europe.

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