Enagas SA (OTCMKTS:ENGGF – Get Free Report) shot up 14.7% on Wednesday . The stock traded as high as $19.55 and last traded at $19.55. 300 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 1,600 shares. The stock had previously closed at $17.05.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley upgraded Enagas from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Stock Analysis on ENGGF
Enagas Price Performance
Enagas Company Profile
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.
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