Enagas (OTCMKTS:ENGGY) Sets New 12-Month High – Time to Buy?

Enagas SA Unsponsored ADR (OTCMKTS:ENGGY)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $10.11 and last traded at $10.11, with a volume of 539 shares. The stock had previously closed at $10.00.

Analysts Set New Price Targets

A number of research firms recently weighed in on ENGGY. Deutsche Bank Aktiengesellschaft raised shares of Enagas from a “sell” rating to a “hold” rating in a research note on Friday, March 27th. Morgan Stanley reaffirmed an “underweight” rating on shares of Enagas in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Sell”.

Enagas Stock Up 1.1%

The company’s 50-day simple moving average is $8.90 and its 200 day simple moving average is $8.30. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 1.19.

About Enagas

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.