E.On (OTCMKTS:EONGY) Sees Unusually-High Trading Volume – Time to Buy?

E.On Se (OTCMKTS:EONGY) saw an uptick in trading volume on Friday. 1,205,430 shares traded hands during mid-day trading, an increase of 506% from the previous session’s volume of 198,985 shares. The stock last traded at $19.21 and had previously closed at $18.90.

Analyst Ratings Changes

EONGY has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Jefferies Financial Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Berenberg Bank raised shares of E.On from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, E.On currently has an average rating of “Moderate Buy”.

E.On Stock Performance

The company has a 50 day simple moving average of $20.57 and a 200-day simple moving average of $21.29. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.96 and a quick ratio of 0.90. The stock has a market cap of $49.88 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 4.42 and a beta of 0.68.

E.On (OTCMKTS:EONGY) last announced its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.10). The firm had revenue of $18.89 billion for 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 11.35%. On average, equities analysts expect that E.On Se will post 1.23 earnings per share for the current fiscal year.

About E.On

E.ON SE is a German energy company headquartered in Essen, Germany. The company focuses primarily on energy networks and customer solutions, rather than conventional power generation. Its activities include operating electricity and gas distribution networks, supplying energy to residential and commercial customers, and providing related services such as heating, energy efficiency solutions and electric-vehicle charging.

E.ON serves customers across several European markets, including Germany, the United Kingdom, Sweden, Italy, the Netherlands and countries in Central and Eastern Europe.