During August (OTCMKTS: ENGGY), the number of short positions in ENAGAS S.A./ADR went down significantly. As of July 31, there were 8,400 shares borrowed, but as of August 15, there were only 7,600 shares borrowed, which is a decline of 9.5% from the previous number of shares. The market sees an average daily trading volume of 192,400 shares, which is used to compute the short-interest ratio, which is now 0.0 days. That ratio was determined based on the data presented above. When trading started on Wednesday, the price of a share of ENAGAS S A/ADR was $9.28. A debt-to-equity ratio comes in at 0.43, a quick ratio that comes in at 3.23, a current ratio that comes in at 3.27, and a quick ratio that comes in at 3.23.
These values are expressed in ADR. The minimum price for ENAGAS S A/one-year ADR is $9.07, and the maximum price is $11.91. The company’s moving average price over the past 50 days is $9.91, and its moving average price over the previous 200 days is $10.62. In addition, the company has recently announced a dividend payment, which was disbursed on July 22 following the dividend payment. On July 6, shareholders recognized as owning the firm received $0.3814 in dividend payments per share. These payments were made to shareholders registered as having ownership of the company. This dividend had an ex-dividend date of July 5, a Tuesday that coincided with the day it was paid out. As a direct result, we obtain a yield of 5.93%. It reflects an increase over ENAGAS S.A./ADR’s previous dividend payout to shareholders, which was $0.27. Several different research professionals have recently published studies on the stock. These papers discuss recent developments.
In a report that was released on Tuesday, June 14, Berenberg Bank reiterated its “hold” rating on shares of ENAGAS S A/ADR in a report that was Before this change, the bank had assigned a “sell” rating to the stock but had since upgraded it to a “hold” rating. In a report made available to the public on July 20, Royal Bank of Canada stated that the price at which they expect ENAGAS S A/ADR shares to reach their price target has decreased from €16.50 ($16.84) to €16.00 ($16.33). This change was made in response to the fact that the price at which they expected ENAGAS S.A./ADR shares to reach their price target was €16.50 ($16.84). On July 13, Exane BNP Paribas downgraded their recommendation on ENAGAS SA/ADR shares, moving them from “neutral” to “underperform.”
In a report issued on Thursday, July 14, Barclays decreased their target price for ENAGAS S A/ADR shares from €18.20 ($18.57) to €17.80 ($18.16) in a report that was issued. This brings the total number of price cuts to three. When asked their opinion, two research professionals advocated maintaining the stock in one’s portfolio, while three research experts recommended selling it. The information that Bloomberg provided indicates that the share price target for the stock is set at $17.60, while the stock itself is now evaluated as having a consensus of “Reduce.” In Spain and other countries, the building of gas infrastructure, as well as its management and maintenance, is the responsibility of a corporation known as Enagás, SA.
The company manages natural gas pipelines, underground storage facilities, and facilities for the re-gasification of natural gas. Additionally, the company operates facilities for the transportation of natural gas. It is responsible for managing the primary and secondary natural gas transportation networks, including the operation of such networks, as well as the management of the technical aspects of those networks.
