Eneti (NETI) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Eneti in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NETI shares.
View NETI analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued 1-year price objectives for Eneti's stock. Their NETI share price forecasts range from $11.00 to $18.00. On average, they expect the company's stock price to reach $13.40 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts price targets for NETI or view top-rated stocks among Wall Street analysts.

Eneti's stock was trading at $10.05 on January 1st, 2023. Since then, NETI stock has decreased by 3.0% and is now trading at $9.75.
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Eneti saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,790,000 shares, an increase of 19.3% from the April 30th total of 1,500,000 shares. Based on an average daily trading volume, of 451,200 shares, the days-to-cover ratio is presently 4.0 days. Currently, 7.5% of the company's shares are sold short.
View Eneti's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our NETI earnings forecast.

Eneti Inc. (NYSE:NETI) posted its earnings results on Thursday, April, 27th. The company reported ($0.48) EPS for the quarter, beating the consensus estimate of ($0.84) by $0.36. The company earned $13.82 million during the quarter, compared to analysts' expectations of $13.74 million. Eneti had a trailing twelve-month return on equity of 6.63% and a net margin of 43.52%.

Eneti announced a quarterly dividend on Thursday, April 27th. Stockholders of record on Wednesday, May 10th will be paid a dividend of $0.01 per share on Wednesday, May 31st. This represents a $0.04 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, May 9th.
Read our dividend analysis for NETI.

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).

Eneti (NYSE:NETI) pays an annual dividend of $0.04 per share and currently has a dividend yield of 0.40%. The dividend payout ratio is 1.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, NETI will have a dividend payout ratio of 18.18% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NETI.

Eneti trades on the New York Stock Exchange (NYSE) under the ticker symbol "NETI."

Eneti's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.07%), Herr Investment Group LLC (2.18%), Valueworks LLC (1.41%), Condire Management LP (1.16%), Dimensional Fund Advisors LP (1.14%) and FMR LLC (1.08%).

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.
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One share of NETI stock can currently be purchased for approximately $9.75.

Eneti (NYSE:NETI) has a market capitalization of $376.84 million and generates $199.33 million in revenue each year. The company earns $105.70 million in net income (profit) each year or $2.15 on an earnings per share basis.

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.