Enagas (ENGGF) Projected to Release Earnings on Wednesday

Enagas (OTCMKTS:ENGGF) will likely be announcing its resultson Wednesday, July 22nd. Analysts expect the company to post earnings of $0.2606 per share and revenue of $278.6250 million for the quarter.

Enagas Stock Performance

OTCMKTS ENGGF opened at $19.38 on Monday. Enagas has a fifty-two week low of $16.02 and a fifty-two week high of $21.65. The stock’s 50-day moving average is $20.40 and its two-hundred day moving average is $18.03.

Analyst Ratings Changes

Separately, Morgan Stanley raised Enagas from an “underweight” rating to an “equal weight” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

About Enagas

Enagás is a Spanish energy company that specializes in the transportation and regasification of natural gas. As the independent technical manager of Spain’s gas system, the company oversees the planning, development and operation of the country’s high-pressure transmission network. Enagás’s core activities include the construction, maintenance and management of pipelines and storage facilities designed to ensure the reliable supply of natural gas to industrial, power generation and distribution customers across the Iberian Peninsula.

The company operates six liquefied natural gas (LNG) regasification plants strategically located on Spain’s Atlantic and Mediterranean coasts.