E.On (OTCMKTS:EONGY) Shares Gap Up – Still a Buy?

E.On Se (OTCMKTS:EONGY) gapped up prior to trading on Monday . The stock had previously closed at $20.08, but opened at $21.73. E.On shares last traded at $21.65, with a volume of 5,237 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DZ Bank raised shares of E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a report on Friday. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

E.On Trading Down 0.3%

The stock has a market cap of $56.68 billion, a PE ratio of 14.17, a PEG ratio of 4.94 and a beta of 0.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95. The stock has a fifty day moving average price of $21.14 and a 200 day moving average price of $21.26.

E.On (OTCMKTS:EONGY) last released its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $25.55 billion for the quarter, compared to analyst estimates of $35.38 billion. E.On had a return on equity of 12.12% and a net margin of 4.58%. Equities analysts expect that E.On Se will post 1.25 EPS for the current year.

E.On Company Profile

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.