Should I buy or sell Eneti stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eneti in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NETI shares. View NETI analyst ratings or view top-rated stocks .

What is Eneti's stock price target for 2024?

2 analysts have issued 1-year target prices for Eneti's stock. Their NETI share price targets range from $13.00 to $18.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price. View analysts price targets for NETI or view top-rated stocks among Wall Street analysts .

How have NETI shares performed in 2023?

Eneti's stock was trading at $10.05 at the beginning of 2023. Since then, NETI shares have increased by 8.9% and is now trading at $10.94. View the best growth stocks for 2023 here .

When is Eneti's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024. View our NETI earnings forecast .

How were Eneti's earnings last quarter?

Eneti Inc. (NYSE:NETI) released its quarterly earnings results on Tuesday, November, 14th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.18. The business earned $53.20 million during the quarter, compared to the consensus estimate of $48.90 million. Eneti had a negative net margin of 24.46% and a positive trailing twelve-month return on equity of 2.27%.

How often does Eneti pay dividends? What is the dividend yield for Eneti?

Eneti announced a quarterly dividend on Tuesday, November 14th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.01 per share on Friday, December 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, November 28th. Read our dividend analysis for NETI .

Is Eneti a good dividend stock?

Eneti (NYSE:NETI) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.38%. Read our dividend analysis for NETI .

What ETF holds Eneti's stock ?

First Trust Global Wind Energy ETF holds 83,276 shares of NETI stock, representing 0.43% of its portfolio.

Who are Eneti's major shareholders?

Eneti's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (2.12%), DnB Asset Management AS (1.43%), Valueworks LLC (1.40%), Segantii Capital Management Ltd (1.16%), F M Investments LLC (0.88%) and Skandinaviska Enskilda Banken AB publ (0.57%).

How do I buy shares of Eneti?

Shares of NETI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Eneti Stock Price, News & Analysis (NYSE:NETI)

$10.94

+1.12 (+11.41%)

(As of 12/8/2023 ET)

Compare

Today's Range: $10.61
▼
$11.00
50-Day Range: $9.49
▼
$10.94
52-Week Range: $7.75
▼
$13.54

Volume: 879,396 shs
Average Volume: 396,178 shs
Market Capitalization: $422.80 million

P/E Ratio: N/A
Dividend Yield: 0.37%
Price Target: $15.00

Eneti MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 37.1% Upside
$15.00 Price Target
Short Interest: Healthy
4.73% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 200.00%
From $0.18 to $0.54 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.73 out of 5 stars

Transportation Sector

13th out of 94 stocks

Deep Sea Foreign Transportation Of Freight Industry

3rd out of 18 stocks

3.3

Analyst's Opinion

Consensus Rating
Eneti has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.00, Eneti has a forecasted upside of 37.1% from its current price of $10.94.
Amount of Analyst Coverage
Eneti has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
4.73% of the float of Eneti has been sold short.
Short Interest Ratio / Days to Cover
Eneti has a short interest ratio ("days to cover") of 6.
Change versus previous month
Short interest in Eneti has recently decreased by 6.61%, indicating that investor sentiment is improving significantly.

0.8

Dividend Strength

Dividend Yield
Eneti has a dividend yield of 0.38%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Eneti does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Eneti will have a dividend payout ratio of 7.41% next year. This indicates that Eneti will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NETI.

3.3

News and Social Media Coverage

News Sentiment
Eneti has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Eneti this week, compared to 1 article on an average week.
Search Interest
Only 1 people have searched for NETI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
3 people have added Eneti to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Eneti insiders have not sold or bought any company stock.
Percentage Held by Institutions
66.15% of the stock of Eneti is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Eneti are expected to grow by 200.00% in the coming year, from $0.18 to $0.54 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Eneti is -10.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Eneti is -10.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Eneti has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Eneti Stock (NYSE:NETI)

Eneti Inc. engages in offshore wind and marine-based renewable energy businesses. It owns and operates five wind turbine installation vessels. The company was formerly known as Scorpio Bulkers Inc. and changed its name to Eneti Inc. in February 2021. Eneti Inc. was incorporated in 2013 and is based in Monaco.

NETI Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NETI Stock News Headlines

December 8, 2023 | marketwatch.com

Eneti Shares Up 11% as Cadeler Extends Offer, Lowers Minimum Tender Condition

December 8, 2023 | msn.com

Eneti surges as Cadeler extends share exchange offer, lowers acceptance threshold

December 8, 2023 | Wealthpress (Ad)

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December 8, 2023 | finance.yahoo.com

Cadeler A/S and Eneti Inc. Announce Extension of the Share Exchange Offer for All Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 and New Loan Facility

December 8, 2023 | finance.yahoo.com

Cadeler A/S and Eneti Inc. Announce Extension of Share Exchange Offer for all Outstanding Shares of Common Stock of Eneti Inc. to December 14, 2023 & New Loan Facility

December 1, 2023 | finance.yahoo.com

Wall Street Analysts See a 41.01% Upside in Eneti (NETI): Can the Stock Really Move This High?

November 30, 2023 | finance.yahoo.com

Eneti Inc. Announces Closing of a $436.0 Million Credit Facility and Sale of Two NG2500X Vessels

November 23, 2023 | benzinga.com

Eneti's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

December 8, 2023 | DTI Trader (Ad)

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November 20, 2023 | finance.yahoo.com

With 32% stake, Eneti Inc. (NYSE:NETI) seems to have captured institutional investors' interest

November 15, 2023 | finance.yahoo.com

Eneti Inc. (NYSE:NETI) Q3 2023 Earnings Call Transcript

November 15, 2023 | finance.yahoo.com

Wall Street Analysts Think Eneti (NETI) Could Surge 53.61%: Read This Before Placing a Bet

November 14, 2023 | benzinga.com

Recap: Eneti Q3 Earnings

November 14, 2023 | msn.com

Eneti Non-GAAP EPS of $0.49 beats by $0.22, revenue of $53.2M beats by $6.08M

November 14, 2023 | finance.yahoo.com

Eneti Inc. Announces Financial Results for the Third Quarter of 2023 and Declares a Quarterly Cash Dividend

November 13, 2023 | msn.com

Eneti Q3 2023 Earnings Preview

November 10, 2023 | businesswire.com

ENETI INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Eneti Inc. - NETI

November 9, 2023 | morningstar.com

Eneti Inc NETI

November 7, 2023 | msn.com

Cadeler launches share exchange offer for all of Eneti's outstanding shares

November 3, 2023 | finance.yahoo.com

Eneti Inc. to Announce Third Quarter 2023 Results and Have a Conference Call on November 14, 2023

October 30, 2023 | finance.yahoo.com

Wall Street Analysts Believe Eneti (NETI) Could Rally 50.59%: Here's is How to Trade

October 24, 2023 | msn.com

Eneti signs installation contract for newbuild WTIV

October 24, 2023 | finance.yahoo.com

Eneti Inc. Signs Installation Contract for Newbuild WTIV

October 18, 2023 | msn.com

Eneti signs contract for Seajacks Scylla

October 18, 2023 | finance.yahoo.com

Eneti Inc. Signs Contract for Seajacks Scylla

October 10, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in Eneti (NETI) Stock?

October 2, 2023 | msn.com

Eneti: The Merger Looks Good, But The Offshore Wind Market Does Not

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/25/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/14/2023
Ex-Dividend for 12/15 Dividend: 11/28/2023
Today: 12/08/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/08/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Deep sea foreign transportation of freight
Sub-Industry: N/A
Sector: Transportation
Current Symbol: NYSE:NETI
CUSIP: N/A
CIK: 1587264
Web: www.eneti-inc.com
Phone: (779) 798-5715
Fax: N/A
Employees: 286
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $15.00
High Stock Price Target: $18.00
Low Stock Price Target: $13.00
Potential Upside/Downside: +37.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.04)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 60.78
P/E Growth: N/A
Net Income: $105.70 million
Net Margins: -24.46%
Pretax Margin: -21.67%
Return on Equity: 2.27%
Return on Assets: 1.99%

Debt

Debt-to-Equity Ratio: 0.06
Current Ratio: 3.64
Quick Ratio: 3.50

Sales & Book Value

Annual Sales: $152.46 million
Price / Sales: 2.77
Cash Flow: $2.21 per share
Price / Cash Flow: 4.95
Book Value: $18.60 per share
Price / Book: 0.59

Miscellaneous

Outstanding Shares: 38,647,000
Free Float: N/A
Market Cap: $422.80 million
Optionable: Not Optionable
Beta: 1.15

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Key Executives

Mr. Emanuele A. Lauro (Age 44)
Co-Founder, Chairman & CEO
Mr. Robert L. Bugbee (Age 63)
Co-Founder, President & Director
Mr. Hugh Baker (Age 55)
Chief Financial Officer
Mr. Cameron Mackey (Age 55)
Chief Operating Officer
James Doyle
Head of Corporate Development & Investor Relations
Mr. David Rodney Morant
Managing Director
Tim Sanger
Managing Director
Ms. Auste Vizbaraite (Age 33)
Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NETI Stock Analysis - Frequently Asked Questions

Should I buy or sell Eneti stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eneti in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NETI shares.
View NETI analyst ratings or view top-rated stocks.
What is Eneti's stock price target for 2024?: 2 analysts have issued 1-year target prices for Eneti's stock. Their NETI share price targets range from $13.00 to $18.00. On average, they expect the company's share price to reach $15.00 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price.
View analysts price targets for NETI or view top-rated stocks among Wall Street analysts.
How have NETI shares performed in 2023?: Eneti's stock was trading at $10.05 at the beginning of 2023. Since then, NETI shares have increased by 8.9% and is now trading at $10.94.
View the best growth stocks for 2023 here.
When is Eneti's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 8th 2024.
View our NETI earnings forecast.
How were Eneti's earnings last quarter?: Eneti Inc. (NYSE:NETI) released its quarterly earnings results on Tuesday, November, 14th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.18. The business earned $53.20 million during the quarter, compared to the consensus estimate of $48.90 million. Eneti had a negative net margin of 24.46% and a positive trailing twelve-month return on equity of 2.27%.
How often does Eneti pay dividends? What is the dividend yield for Eneti?: Eneti announced a quarterly dividend on Tuesday, November 14th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.01 per share on Friday, December 15th. This represents a $0.04 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Tuesday, November 28th.
Read our dividend analysis for NETI.

Is Eneti a good dividend stock?: Eneti (NYSE:NETI) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.38%.
Read our dividend analysis for NETI.
What ETF holds Eneti's stock ?: First Trust Global Wind Energy ETF holds 83,276 shares of NETI stock, representing 0.43% of its portfolio.
Who are Eneti's major shareholders?: Eneti's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (2.12%), DnB Asset Management AS (1.43%), Valueworks LLC (1.40%), Segantii Capital Management Ltd (1.16%), F M Investments LLC (0.88%) and Skandinaviska Enskilda Banken AB publ (0.57%).
How do I buy shares of Eneti?: Shares of NETI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:NETI) was last updated on 12/8/2023 by MarketBeat.com Staff

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