BofA upgrades Enagas to neutral after stock underperforms sector and peer By Investing.com - Investing.com South Africa
| ENGGY Stock | USD 6.79 0.01 0.15% |
Slightly above 62% of Enagas SA's investor base is looking to short. The analysis of overall sentiment of trading Enagas SA pink sheet suggests that many investors are alarmed at this time. Enagas SA's investing sentiment can be driven by a variety of factors including economic data, Enagas SA's earnings reports, geopolitical events, and overall market trends.
Enagas |
BofA upgrades Enagas to neutral after stock underperforms sector and peer By Investing.com Investing.com South Africa
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Enagas SA Fundamental Analysis
We analyze Enagas SA's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Enagas SA using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Enagas SA based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Valuation
Current Valuation Comparative Analysis
Enagas SA is currently under evaluation in current valuation category among its peers. Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Enagas SA Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Enagas SA pink sheet to make a market-neutral strategy. Peer analysis of Enagas SA could also be used in its relative valuation, which is a method of valuing Enagas SA by comparing valuation metrics with similar companies.
Peers
Enagas SA Related Equities
| NFE | New Fortress | 1.81 | ||||
| NWN | Northwest Natural | 1.11 | ||||
| UGI | UGI | 1.10 | ||||
| OGS | One Gas | 0.49 | ||||
| SR | Spire | 0.11 | ||||
| CPK | Chesapeake Utilities | 0.02 | ||||
| NJR | NewJersey Resources | 0.06 | ||||
| ATO | Atmos Energy | 0.07 | ||||
| NI | NiSource | 0.42 |
Additional Tools for Enagas Pink Sheet Analysis
When running Enagas SA's price analysis, check to measure Enagas SA's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enagas SA is operating at the current time. Most of Enagas SA's value examination focuses on studying past and present price action to predict the probability of Enagas SA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enagas SA's price. Additionally, you may evaluate how the addition of Enagas SA to your portfolios can decrease your overall portfolio volatility.