NYSE:NETI Eneti - NETI Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Eneti Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $9.34 -0.10 (-1.06%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$9.29▼$9.6850-Day Range$8.63▼$10.6552-Week Range$4.81▼$11.20Volume305,379 shsAverage Volume330,057 shsMarket Capitalization$371.17 millionP/E Ratio3.41Dividend Yield0.43%Price Target$13.50 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Eneti MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside44.5% Upside$13.50 Price TargetShort InterestHealthy2.75% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.66Based on 5 Articles This WeekInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.55) to $0.19 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.71 out of 5 starsTransportation Sector27th out of 123 stocksDeep Sea Foreign Transportation Of Freight Industry9th out of 29 stocks 3.5 Analyst's Opinion Consensus RatingEneti has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.50, Eneti has a forecasted upside of 44.5% from its current price of $9.34.Amount of Analyst CoverageEneti has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.75% of the float of Eneti has been sold short.Short Interest Ratio / Days to CoverEneti has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Eneti has recently increased by 6.15%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend YieldEneti has a dividend yield of 0.42%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthEneti does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Eneti is 1.46%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Eneti will have a dividend payout ratio of 21.05% next year. This indicates that Eneti will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for NETI. Previous Next 2.6 News and Social Media Coverage News SentimentEneti has a news sentiment score of 0.66. 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 0.48 average news sentiment score of Transportation companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Eneti this week, compared to 2 articles on an average week.Search InterestOnly 7 people have searched for NETI on MarketBeat in the last 30 days. This is a decrease of -61% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Eneti to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Eneti insiders have not sold or bought any company stock.Percentage Held by Institutions65.08% of the stock of Eneti is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Eneti are expected to grow in the coming year, from ($0.55) to $0.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Eneti is 3.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.44.Price to Earnings Ratio vs. SectorThe P/E ratio of Eneti is 3.41, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 32.37.Price to Book Value per Share RatioEneti has a P/B Ratio of 0.52. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Eneti (NYSE:NETI) StockEneti, Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels. It provides innovative maritime solutions to a wide variety of customers across the globe, safeguarding the environment, embracing sustainable business practices and generating risk-adjusted returns throughout the industry cycle. The company was founded by Emanuele A. Lauro and Robert L. Bugbee on March 20, 2013 and is headquartered in Monaco.Read More Receive NETI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eneti and its competitors with MarketBeat's FREE daily newsletter. Email Address NETI Stock News HeadlinesMarch 28, 2023 | americanbankingnews.comAnalyzing Eneti (NYSE:NETI) and United Maritime (NASDAQ:USEA)March 24, 2023 | americanbankingnews.comBrokers Offer Predictions for Eneti Inc.'s Q1 2023 Earnings (NYSE:NETI)March 29, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.March 17, 2023 | finance.yahoo.comEneti (NYSE:NETI) shareholders have endured a 85% loss from investing in the stock five years agoFebruary 21, 2023 | finance.yahoo.comEneti Inc. Announces A Contract Award for SeajacksFebruary 11, 2023 | seekingalpha.comEneti stock pops 14% after Q4 results impressFebruary 9, 2023 | finance.yahoo.comEneti Inc. Announces Financial Results for the Fourth Quarter of 2022 and Declares a Quarterly Cash DividendJanuary 30, 2023 | finance.yahoo.comEneti Inc. to Announce Fourth Quarter 2022 Results and Have a Conference Call on February 9, 2023March 29, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.January 26, 2023 | msn.comEneti announces contract awards for its Seajacks UK unitJanuary 17, 2023 | marketwatch.comOffshore Wind Power Installation Vessel Market Share : Industry Trends, Growth, Size and Segmentation by 2023 to 2028December 19, 2022 | finance.yahoo.comEneti Signs Initial Installation Contract For Newbuild WTIVDecember 16, 2022 | seekingalpha.comEneti: Set For Solid Growth Over The Next Few YearsDecember 1, 2022 | finance.yahoo.comEneti (NETI) Is a Great Choice for 'Trend' Investors, Here's WhyDecember 1, 2022 | finance.yahoo.comHow Much Upside is Left in Eneti (NETI)? Wall Street Analysts Think 42%November 30, 2022 | finance.yahoo.comEneti (NYSE:NETI) Shareholders Will Want The ROCE Trajectory To ContinueNovember 25, 2022 | marketwatch.comOffshore Wind Power Installation Vessel Market : Trends, Business Overview, Future Demand, Industry Growth, Dynamic Innovations and Forecast to 2028November 25, 2022 | finance.yahoo.comEneti (NETI) Upgraded to Buy: What Does It Mean for the Stock?November 15, 2022 | finance.yahoo.comHere's Why "Trend" Investors Would Love Betting on Eneti (NETI)November 10, 2022 | finance.yahoo.comWall Street Analysts Think Eneti (NETI) Could Surge 38%: Read This Before Placing a BetNovember 8, 2022 | seekingalpha.comEneti Inc. (NETI) Q3 2022 Earnings Call TranscriptNovember 8, 2022 | finance.yahoo.comEneti Inc. Announces Financial Results for the Third Quarter of 2022 and Declares a Quarterly Cash DividendNovember 2, 2022 | nasdaq.comEneti (NETI) Stock Jumps 6.2%: Will It Continue to Soar?November 1, 2022 | finance.yahoo.comEneti Inc. to Announce Third Quarter 2022 Results and Have a Conference Call on November 8, 2022October 21, 2022 | finance.yahoo.comIs Eneti (NETI) Outperforming Other Transportation Stocks This Year?October 11, 2022 | seekingalpha.comEneti completes construction of offshore Japan wind farmOctober 10, 2022 | finance.yahoo.comSuccessful Completion of Construction at Akita & NoshiroSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive NETI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Eneti and its competitors with MarketBeat's FREE daily newsletter. Email Address NETI Company Calendar Last Earnings2/09/2023Ex-Dividend for 3/15 Dividend2/28/2023Dividend Payable3/15/2023Today3/28/2023Next Earnings (Estimated)5/11/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Deep sea foreign transportation of freight Sub-IndustryN/A SectorTransportation Current SymbolNYSE:NETI CUSIPN/A CIK1587264 Webwww.eneti-inc.com Phone(779) 798-5715FaxN/AEmployees7Year FoundedN/APrice Target and Rating Average Stock Price Forecast$13.50 High Stock Price Forecast$18.00 Low Stock Price Forecast$11.00 Forecasted Upside/Downside+44.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.74 Trailing P/E Ratio3.41 Forward P/E RatioN/A P/E GrowthN/ANet Income$104.89 million Net Margins52.55% Pretax Margin52.99% Return on Equity7.27% Return on Assets6.24% Debt Debt-to-Equity Ratio0.07 Current Ratio3.87 Quick Ratio3.74 Sales & Book Value Annual Sales$199.33 million Price / Sales1.86 Cash Flow$2.06 per share Price / Cash Flow4.54 Book Value$17.98 per share Price / Book0.52Miscellaneous Outstanding Shares39,740,000Free FloatN/AMarket Cap$371.17 million OptionableNot Optionable Beta1.10 Key ExecutivesEmanuele A. LauroChairman & Chief Executive OfficerRobert L. BugbeePresident & DirectorCameron K. MackeyChief Operating OfficerHugh BakerChief Financial OfficerFilippo LauroVice PresidentKey CompetitorsTsakos Energy NavigationNYSE:TNPSafe BulkersNYSE:SBDiana ShippingNYSE:DSXOverseas Shipholding GroupNYSE:OSGPangaea Logistics SolutionsNASDAQ:PANLView All CompetitorsInstitutional OwnershipMorgan StanleyBought 9,878 shares on 2/15/2023Ownership: 0.235%Susquehanna Fundamental Investments LLCSold 27,331 shares on 2/15/2023Ownership: 0.160%Schonfeld Strategic Advisors LLCSold 8,500 shares on 2/15/2023Ownership: 0.044%Jane Street Group LLCBought 10,911 shares on 2/15/2023Ownership: 0.027%Lazard Asset Management LLCBought 8,029 shares on 2/15/2023Ownership: 0.020%View All Institutional Transactions NETI Stock - Frequently Asked Questions Should I buy or sell Eneti stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Eneti in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" NETI shares. View NETI analyst ratings or view top-rated stocks. What is Eneti's stock price forecast for 2023? 3 Wall Street research analysts have issued 12-month price targets for Eneti's stock. Their NETI share price forecasts range from $11.00 to $18.00. On average, they predict the company's share price to reach $13.50 in the next year. This suggests a possible upside of 44.5% 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 the year. Since then, NETI shares have decreased by 7.1% and is now trading at $9.34. View the best growth stocks for 2023 here. Are investors shorting Eneti? Eneti saw a increase in short interest in February. As of February 28th, there was short interest totaling 644,100 shares, an increase of 88.8% from the February 13th total of 341,200 shares. Based on an average trading volume of 298,300 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.6% of the shares of the stock are short sold. View Eneti's Short Interest. When is Eneti's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023. View our NETI earnings forecast. How were Eneti's earnings last quarter? Eneti Inc. (NYSE:NETI) announced its quarterly earnings data on Thursday, February, 9th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.44. The business had revenue of $46.60 million for the quarter, compared to analyst estimates of $35.36 million. Eneti had a net margin of 52.55% and a trailing twelve-month return on equity of 7.27%. How often does Eneti pay dividends? What is the dividend yield for Eneti? Eneti announced a quarterly dividend on Thursday, February 9th. Shareholders of record on Wednesday, March 1st will be paid a dividend of $0.01 per share on Wednesday, March 15th. This represents a $0.04 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Tuesday, February 28th. Read our dividend analysis for NETI. What ETFs hold Eneti's stock? ETFs with the largest weight of Eneti (NYSE:NETI) stock in their portfolio include ETFMG Breakwave Sea Decarbonization Tech ETF (BSEA) and First Trust Global Wind Energy ETF (FAN).SonicShares Global Shipping ETF (BOAT). 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 0.42%. The dividend payout ratio is 1.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NETI will have a dividend payout ratio of 21.05% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for NETI. What is Eneti's stock symbol? Eneti trades on the New York Stock Exchange (NYSE) under the ticker symbol "NETI." Who are Eneti's major shareholders? Eneti's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Herr Investment Group LLC (4.22%), Encompass Capital Advisors LLC (2.22%), DNB Asset Management AS (1.62%), Millennium Management LLC (1.52%), Fuller & Thaler Asset Management Inc. (1.05%) and Franklin Resources Inc. (0.79%). 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. What is Eneti's stock price today? One share of NETI stock can currently be purchased for approximately $9.34. How much money does Eneti make? Eneti (NYSE:NETI) has a market capitalization of $371.17 million and generates $199.33 million in revenue each year. The company earns $104.89 million in net income (profit) each year or $2.74 on an earnings per share basis. How can I contact Eneti? Eneti's mailing address is 9 BOULEVARD CHARLES III, Monaco O9, 98000. The official website for the company is www.eneti-inc.com. The company can be reached via phone at (779) 798-5715. This page (NYSE:NETI) was last updated on 3/29/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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