ENAGAS S A/ADR (OTCMKTS:ENGGY – Get Rating) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 18,700 shares, a drop of 47.6% from the April 15th total of 35,700 shares. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is currently 0.4 days.
Shares of ENGGY opened at $10.63 on Friday. The business’s fifty day moving average is $11.00 and its 200 day moving average is $11.10. ENAGAS S A/ADR has a 12-month low of $10.07 and a 12-month high of $12.14. The company has a current ratio of 3.27, a quick ratio of 3.23 and a debt-to-equity ratio of 0.43.
A number of research analysts recently issued reports on the stock. Citigroup reiterated a “sell” rating on shares of ENAGAS S A/ADR in a research report on Wednesday, February 23rd. UBS Group upped their price objective on shares of ENAGAS S A/ADR from €18.90 ($19.89) to €19.60 ($20.63) and gave the company a “neutral” rating in a report on Wednesday, April 27th. Finally, Morgan Stanley raised their target price on ENAGAS S A/ADR from €16.00 ($16.84) to €17.00 ($17.89) in a research note on Friday, April 29th. Four equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus price target of $18.30.
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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