Enagas (OTCMKTS:ENGGY) Sets New 1-Year High – Here’s Why

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $10.12 and last traded at $10.12, with a volume of 817 shares. The stock had previously closed at $9.9350.

Analyst Ratings Changes

ENGGY has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Enagas in a report on Friday, May 15th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enagas in a report on Tuesday, February 24th. Finally, BNP Paribas Exane raised shares of Enagas to a “neutral” rating in a report on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Enagas Stock Up 0.7%

The company’s 50 day moving average is $9.85 and its 200 day moving average is $8.83. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.04 and a current ratio of 1.07.

Enagas Company Profile

Enagás is Spain’s primary natural gas transmission company, specializing in the development, operation and maintenance of high-pressure gas pipeline networks and regasification terminals. The company manages over 12,000 kilometers of gas pipelines across the country and operates six strategic regasification plants, enabling the efficient receipt and redistribution of liquefied natural gas (LNG) imports. Enagás also provides technical management and system operator services, ensuring the stability and security of the national gas grid under a regulated framework.

Founded in 1972 to coordinate Spain’s burgeoning gas infrastructure, Enagás was partially privatized and listed on the Madrid Stock Exchange in 2002, becoming a constituent of the IBEX 35 index.