ENN Energy (OTCMKTS:XNGSY) Coverage Initiated by Analysts at The Goldman Sachs Group

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Equities research analysts at The Goldman Sachs Group initiated coverage on shares of ENN Energy (OTCMKTS:XNGSY) in a report issued on Sunday, The Fly reports. The firm set a “buy” rating on the stock.

A number of other brokerages have also issued reports on XNGSY. Zacks Investment Research lowered shares of ENN Energy from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. ValuEngine upgraded shares of ENN Energy from a “strong sell” rating to a “sell” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $51.00.

OTCMKTS XNGSY opened at $51.37 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.60 and a debt-to-equity ratio of 0.33. The firm has a market cap of $14.47 billion, a PE ratio of 17.59 and a beta of 0.82. The company has a 50 day moving average price of $47.51 and a 200 day moving average price of $46.52. ENN Energy has a 52 week low of $30.59 and a 52 week high of $54.81.

ENN Energy Company Profile

ENN Energy Holdings Limited, an investment holding company, engages in the investment, construction, operation, and management of gas pipeline infrastructures; and integrated energy, and vehicle and ship refueling stations in the People's Republic of China. It operates through Retail Gas Sales Business, Sales of Integrated Energy and Services, Wholesale of Gas, Construction and Installation, and Value Added Business segments.

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