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

E.On Se (OTCMKTS:EONGY) saw unusually-high trading volume on Wednesday. Approximately 747,567 shares were traded during mid-day trading, an increase of 250% from the average daily volume of 213,390 shares. The stock last traded at $20.98 and had previously closed at $20.69.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EONGY shares. UBS Group upgraded E.On from a “hold” rating to a “buy” rating in a research report on Monday, September 7th. Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of E.On in a research report on Thursday, July 9th. Sanford C. Bernstein upgraded shares of E.On to a “strong-buy” rating in a research note on Wednesday, October 21st. Finally, Berenberg Bank raised E.On from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

E.On Price Performance

The stock has a market capitalization of $55.11 billion, a P/E ratio of 14.05, a PEG ratio of 4.84 and a beta of 0.68. 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 company’s 50 day simple moving average is $19.99 and its two-hundred day simple moving average is $21.18.

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 analysts’ consensus estimates of $0.35 by ($0.10). The firm 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 11.35%. As a group, equities analysts expect that E.On Se will post 1.23 EPS for the current fiscal year.

About E.On

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.