Rating Coverage: Does E.ON AG (ADR) (PK:EONGY) Look Good? Societe Generale Upgrades It

November 30, 2016 - By Vivian Park

Rating Coverage:  Does E.ON AG (ADR) (PK:EONGY) Look Good? Societe Generale Upgrades It

E.ON AG (ADR) (PK:EONGY) Upgrade

In a a research report revealed to clients and investors on 29 November, research professionals at Societe Generale’s equity research division raised E.ON AG (ADR) (PK:EONGY)‘s stock from a Hold to Buy.

E.ON SE (ADR) (OTCMKTS:EONGY) Ratings Coverage

Out of 6 analysts covering E.On AG (PK:EONGY), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. E.On AG has been the topic of 7 analyst reports since September 11, 2015 according to StockzIntelligence Inc. Jefferies initiated E.ON SE (ADR) (OTCMKTS:EONGY) on Thursday, December 3 with “Buy” rating. The company was upgraded on Monday, November 28 by HSBC. The firm has “Sell” rating by Citigroup given on Wednesday, November 16. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Friday, September 11 report. As per Tuesday, November 17, the company rating was downgraded by Societe Generale. The rating was upgraded by Investec to “Buy” on Friday, September 18. The firm earned “Buy” rating on Tuesday, November 29 by Societe Generale.

The stock increased 1.30% or $0.09 on November 29, hitting $6.64. About 342,140 shares traded hands or 55.31% up from the average. E.ON SE (ADR) (PK:EONGY) has declined 37.71% since April 27, 2016 and is downtrending. It has underperformed by 42.94% the S&P500.

Analysts await E.ON SE (ADR) (OTCMKTS:EONGY) to report earnings on March, 8.

E.ON SE is a provider of energy solutions. The company has a market cap of $13.18 billion. The Company’s divisions include global units and regional units. It has a 2.24 P/E ratio. The Company’s global units include Generation, which consists of the Company’s conventional generation assets in Europe; Renewables, which includes its carbon-sourcing and renewables businesses; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, biomass and carbon allowances, and Exploration & Production, which includes the Company’s exploration and production business in the focus regions, North Sea (the United Kingdom and Norway) and Russia.

According to Zacks Investment Research, “E.ON AG is the world’s largest investor-owned energy service provider with operations in the following businesses: energy, chemicals, real estate, oil, telecommunications, distribution/logistics, aluminum and silicon wafers.”

EONGY Company Profile

E.ON SE, incorporated on November 15, 2012, is a well-known provider of energy solutions. The Company’s divisions include global units and regional units. The Company’s global units include Generation, which consists of the Company’s conventional (fossil and nuclear) generation assets in Europe; Renewables, which includes its carbon-sourcing and renewables businesses; Global Commodities, which buys and sells electricity, natural gas, liquefied natural gas (LNG), oil, coal, freight, biomass and carbon allowances, and Exploration & Production, which includes the Company’s exploration and production business in the focus regions, North Sea (the United Kingdom and Norway) and Russia. The Company’s regional units include the United Kingdom; Germany; Sweden; Czechia; Hungary; Other regional units, including France, Benelux, Slovakia, Romania and Italy; Other EU Countries; Russia; Other Non-EU countries; Non-EU countries.

More important recent E.ON SE (ADR) (OTCMKTS:EONGY) news were published by: Businessfinancenews.com which released: “E.ON SE, Statoil to Develop Arkona Wind Farm” on April 26, 2016, also Seekingalpha.com published article titled: “E.ON Should Continue To Outperform (EONGY)”, Seekingalpha.com published: “Estimating E.ON’s Intrinsic Value” on October 07, 2014. More interesting news about E.ON SE (ADR) (OTCMKTS:EONGY) was released by: Marketwatch.com and their article: “Premier Oil amends E.ON deal terms; to trade again” with publication date: February 01, 2016.

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