ENGIE (ENGIY) Expected to Announce Earnings on Friday

ENGIE (OTCMKTS:ENGIY) is projected to announce its resultson Friday, July 31st. Analysts expect ENGIE to announce earnings of $0.6120 per share and revenue of $17.5644 billion for the quarter.

ENGIE Stock Up 0.2%

Shares of ENGIY opened at $31.64 on Friday. The firm has a fifty day simple moving average of $31.16 and a two-hundred day simple moving average of $31.26. The company has a current ratio of 1.08, a quick ratio of 1.03 and a debt-to-equity ratio of 1.06. ENGIE has a 1-year low of $20.18 and a 1-year high of $35.16.

Analysts Set New Price Targets

ENGIY has been the topic of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a report on Monday, May 11th. Barclays restated an “overweight” rating on shares of ENGIE in a research note on Thursday, June 18th. Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Sanford C. Bernstein cut shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Finally, Citigroup reiterated a “buy” rating on shares of ENGIE in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ENGIE presently has a consensus rating of “Moderate Buy”.

ENGIE Company Profile

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.