Naturgy Energy Group, S.A. (OTCMKTS:GASNY – Get Free Report) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 15,225 shares, a decrease of 54.1% from the August 15th total of 33,197 shares. Based on an average daily volume of 37,861 shares, the days-to-cover ratio is currently 0.4 days.
Naturgy Energy Group Stock Performance
Shares of GASNY stock opened at $6.79 on Monday. The stock’s 50-day moving average price is $6.68 and its 200 day moving average price is $6.42. Naturgy Energy Group has a 52-week low of $5.61 and a 52-week high of $6.97.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Oddo Bhf upgraded Naturgy Energy Group to an “outperform” rating in a research note on Thursday. BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a report on Thursday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Naturgy Energy Group in a research note on Tuesday, August 11th. Finally, Morgan Stanley raised Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Naturgy Energy Group has an average rating of “Buy”.
About Naturgy Energy Group
Naturgy Energy Group is a Madrid‐based global energy company primarily engaged in the distribution, transportation and commercialization of natural gas, as well as the generation and sale of electricity. Formerly known as Gas Natural Fenosa, the company rebranded to Naturgy in 2018 to reflect its broader focus on energy transition and sustainability. Its core activities span gas infrastructure development, liquefied natural gas (LNG) operations, power generation and retail energy services.
The company’s gas business encompasses network maintenance, storage and regasification terminals, alongside long‐term supply agreements and LNG trading.
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