Eneti - NETI Stock Forecast, Price & News

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 11th 2023.
View our NETI earnings forecast.

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%.

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.

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 0.42%. 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.

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

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%).

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.

One share of NETI stock can currently be purchased for approximately $9.34.

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.

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.