Societe Generale Upgrades ENAGAS S A/ADR (OTCMKTS:ENGGY) to “Buy”

Societe Generale upgraded shares of ENAGAS S A/ADR (OTCMKTS:ENGGYGet Rating) from a hold rating to a buy rating in a report issued on Thursday, The Fly reports.

A number of other research firms have also recently commented on ENGGY. Berenberg Bank upgraded ENAGAS S A/ADR from a sell rating to a hold rating in a report on Tuesday, June 14th. Royal Bank of Canada reduced their price target on ENAGAS S A/ADR from €16.50 ($16.84) to €16.00 ($16.33) in a report on Wednesday, July 20th. Barclays reduced their price objective on ENAGAS S A/ADR from €18.20 ($18.57) to €17.80 ($18.16) in a report on Thursday, July 14th. Finally, Exane BNP Paribas cut ENAGAS S A/ADR from a neutral rating to an underperform rating in a report on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $17.60.

ENAGAS S A/ADR Stock Performance

ENAGAS S A/ADR stock opened at $8.43 on Thursday. ENAGAS S A/ADR has a 52 week low of $8.31 and a 52 week high of $11.91. The company has a current ratio of 3.27, a quick ratio of 3.23 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $9.34 and a 200 day simple moving average of $10.43.

ENAGAS S A/ADR Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 22nd. Stockholders of record on Wednesday, July 6th were issued a dividend of $0.3814 per share. This represents a dividend yield of 5.93%. The ex-dividend date was Tuesday, July 5th. This is a boost from ENAGAS S A/ADR’s previous dividend of $0.27.

ENAGAS S A/ADR Company Profile

(Get Rating)

Enagás, SA engages in the development, operation, and maintenance of gas infrastructures in Spain and internationally. The company provides gas transportation services through gas pipelines; natural gas regasification services; and operates underground storage facilities. It is involved in the operation and technical management of the basic network and secondary transportation network for natural gas.

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Analyst Recommendations for ENAGAS S A/ADR (OTCMKTS:ENGGY)

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