E.On (OTCMKTS:EONGY) Shares Gap Down – Here’s Why

E.On Se (OTCMKTS:EONGY) gapped down prior to trading on Friday . The stock had previously closed at $21.06, but opened at $20.3099. E.On shares last traded at $20.37, with a volume of 7,883 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group upgraded E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Morgan Stanley reissued an “overweight” rating on shares of E.On in a report on Friday, July 3rd. DZ Bank raised shares of E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

E.On Stock Performance

The stock has a market capitalization of $52.72 billion, a P/E ratio of 13.44, a P/E/G ratio of 4.89 and a beta of 0.71. The stock has a 50 day moving average of $21.34 and a 200 day moving average of $21.72. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.91 and a current ratio of 0.95.

E.On (OTCMKTS:EONGY) last posted its earnings results on Wednesday, August 12th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). The company had revenue of $18.89 billion during the quarter, compared to the consensus estimate of $40.44 billion. E.On had a net margin of 4.49% and a return on equity of 11.54%. Equities analysts predict that E.On Se will post 1.23 EPS for the current year.

About E.On

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.