E.On Se (OTCMKTS:EONGY – Get Rating) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 44,400 shares, an increase of 1,431.0% from the October 31st total of 2,900 shares. Based on an average daily volume of 149,300 shares, the short-interest ratio is presently 0.3 days.
E.On Trading Up 1.8 %
OTCMKTS:EONGY traded up $0.17 on Monday, reaching $9.47. The company’s stock had a trading volume of 13,400 shares, compared to its average volume of 163,836. The stock has a 50 day moving average price of $8.29 and a 200 day moving average price of $8.88. E.On has a 12-month low of $7.11 and a 12-month high of $14.18. The firm has a market cap of $24.72 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.15 and a beta of 0.67. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 1.24.
E.On (OTCMKTS:EONGY – Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The utilities provider reported $0.27 EPS for the quarter. The business had revenue of $28.98 billion during the quarter. E.On had a net margin of 4.20% and a return on equity of 11.35%. On average, equities analysts anticipate that E.On will post 0.99 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Sanford C. Bernstein lowered shares of E.On from an “outperform” rating to a “market perform” rating in a report on Monday, October 24th. Royal Bank of Canada lowered their price objective on E.On from €12.00 ($12.24) to €10.00 ($10.20) in a report on Monday, November 14th. JPMorgan Chase & Co. cut their price objective on E.On from €12.50 ($12.76) to €10.50 ($10.71) and set a “neutral” rating for the company in a research note on Tuesday, August 16th. Finally, Morgan Stanley decreased their target price on E.On from €10.00 ($10.20) to €9.50 ($9.69) and set an “equal weight” rating on the stock in a research report on Thursday, November 10th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.70.
E.On Company Profile
E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.