E.On (OTCMKTS:EONGY) Shares Gap Down – Time to Sell?

E.On Se (OTCMKTS:EONGY)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $18.93, but opened at $18.24. E.On shares last traded at $18.9050, with a volume of 14,701 shares traded.

Analysts Set New Price Targets

Separately, Citigroup reaffirmed a “neutral” rating on shares of E.On in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, E.On presently has a consensus rating of “Moderate Buy”.

E.On Price Performance

The firm has a 50 day moving average of $18.25 and a 200-day moving average of $18.39. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 1.44. The company has a market cap of $49.54 billion, a P/E ratio of 15.55, a P/E/G ratio of 4.97 and a beta of 0.81.

E.On (OTCMKTS:EONGY) last released its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). E.On had a net margin of 3.61% and a return on equity of 11.86%. The company had revenue of $18.51 billion for the quarter, compared to the consensus estimate of $21.43 billion. On average, equities research analysts predict that E.On Se will post 1.16 EPS 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.