E.On (OTCMKTS:EONGY) Hits New 1-Year High – Time to Buy?

E.On Se (OTCMKTS:EONGY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.58 and last traded at $23.53, with a volume of 144068 shares changing hands. The stock had previously closed at $22.77.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Bank of America cut shares of E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. Wall Street Zen cut E.On from a “hold” rating to a “sell” rating in a report on Wednesday, January 14th. DZ Bank downgraded E.On from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 26th. Finally, Berenberg Bank cut E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

E.On Stock Down 0.5%

The stock has a 50-day moving average price of $21.45 and a 200 day moving average price of $19.48. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.85 and a quick ratio of 0.79.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33. The firm had revenue of $24.95 billion for the quarter. E.On had a return on equity of 12.27% and a net margin of 2.20%. On average, research analysts anticipate that E.On Se will post 1.16 earnings per share for the current fiscal 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.