Naturgy Energy Group (OTCMKTS:GASNY) Shares Up 0.9% – Should You Buy?

Shares of Naturgy Energy Group, S.A. (OTCMKTS:GASNY) shot up 0.9% on Monday . The company traded as high as $6.70 and last traded at $6.70. 128,740 shares traded hands during trading, an increase of 181% from the average session volume of 45,784 shares. The stock had previously closed at $6.64.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GASNY. Morgan Stanley upgraded Naturgy Energy Group to an “overweight” rating in a research report on Thursday, May 21st. The Goldman Sachs Group upgraded Naturgy Energy Group from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, March 18th. Royal Bank Of Canada raised shares of Naturgy Energy Group from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, April 21st. Finally, BNP Paribas Exane raised shares of Naturgy Energy Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Naturgy Energy Group Stock Up 0.9%

The company’s 50 day simple moving average is $6.30 and its 200 day simple moving average is $6.12.

Naturgy Energy Group Company Profile

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.