Enagas SA (OTCMKTS:ENGGF – Get Free Report)’s share price shot up 4.9% on Thursday . The company traded as high as $20.50 and last traded at $20.50. 120 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,137 shares. The stock had previously closed at $19.55.
Analysts Set New Price Targets
Separately, Morgan Stanley raised shares of Enagas from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.
Get Our Latest Stock Report on Enagas
Enagas Stock Up 4.9%
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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