ENN ENERGY HOLD/ADR (XNGSY) Lifted to Buy at Zacks Investment Research

Renee Jackson 2018-10-28 18:10

Zacks Investment Research upgraded shares of ENN ENERGY HOLD/ADR (OTCMKTS:XNGSY) from a hold rating to a buy rating in a research note released on Saturday morning. Zacks Investment Research currently has $38.00 price objective on the stock.

According to Zacks, “ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited, operates as a distributor of clean energy in Hong Kong. Its main business portfolio consists of the clean energy distribution including the city pipeline natural gas, LPG (Liquefied Petroleum Gas), vehicle refueling gas (CNG and LPG) and DME (dimethyl ether), the non-pipeline energy delivery, and other value added services on the basis of energy distribution. The Company operates in four divisions: gas connection, sales of piped gas, distributions of bottled liquefied petroleum gas, and sales of gas appliances. ENN Energy Holdings Ltd., formerly known as XinAo Gas Holdings Limited is headquartered in Langfang, China. “

Separately, ValuEngine cut shares of ENN ENERGY HOLD/ADR from a buy rating to a hold rating in a report on Wednesday, August 29th.

OTCMKTS:XNGSY traded down $1.19 during trading hours on Friday, reaching $32.96. The company had a trading volume of 5,955 shares, compared to its average volume of 23,234. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.61 and a current ratio of 0.65. ENN ENERGY HOLD/ADR has a twelve month low of $25.83 and a twelve month high of $45.17.

About ENN ENERGY HOLD/ADR

ENN Energy Holdings Limited, an investment holding company, engages in the investment in, construction, operation, and management of gas pipeline infrastructures, vehicle and ship refuelling stations, and integrated energy stations in the People’s Republic of China. It operates through Gas Connection, Sales of Piped Gas, Vehicle Gas Refueling Stations, Wholesale of Gas, Sales of Integrated Energy and Services, Sales of Gas Appliances, and Sales of Material segments.