E.On Se (OTCMKTS:EONGY) Sees Significant Drop in Short Interest
by Amy Steele · The Cerbat GemE.On Se (OTCMKTS:EONGY – Get Free Report) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 33,556 shares, a decline of 45.0% from the April 15th total of 60,964 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 219,720 shares, the short-interest ratio is currently 0.2 days.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EONGY shares. Morgan Stanley reissued an “overweight” rating on shares of E.On in a research note on Thursday. Citigroup reissued a “neutral” rating on shares of E.On in a research note on Friday, February 6th. DZ Bank raised shares of E.On from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Bank of America lowered shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.
Read Our Latest Research Report on EONGY
E.On Price Performance
Shares of EONGY stock traded down $0.73 during midday trading on Friday, reaching $20.84. 118,610 shares of the company were exchanged, compared to its average volume of 109,141. E.On has a 12 month low of $16.68 and a 12 month high of $23.58. The company has a market cap of $54.48 billion, a P/E ratio of 13.62, a PEG ratio of 4.90 and a beta of 0.74. The company’s 50 day moving average price is $22.21 and its two-hundred day moving average price is $20.49. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79.
E.On (OTCMKTS:EONGY – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The utilities provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. E.On had a net margin of 4.58% and a return on equity of 12.71%. The company had revenue of $25.55 billion for the quarter, compared to the consensus estimate of $35.38 billion. On average, sell-side analysts expect that E.On will post 1.25 earnings per share 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.