Enagas traded at 16.96 this Thursday July 2nd, increasing 0.21 or 1.25 percent since the previous trading session. Looking back, over the last four weeks, Enagas gained 1.11 percent. Over the last 12 months, its price rose by 24.25 percent. Looking ahead, we forecast Enagas to be priced at 17.14 by the end of this quarter and at 15.80 in one year, according to Trading Economics global macro models projections and analysts expectations.
Enagas SA is a Spain-based company primarily engaged in the gas transportation. The Company's activities are divided into three business segments: Infrastructure, Technical management and Unregulated activities. The Infrastructure division is structured into three areas: Gas transport, which offers gas transmission through pipelines network; Regasification, which transforms liquefied natural gas (LNG) into gas form and stores it in cryogenic tanks, and Storage, which operates underground natural gas storage facilities. The Technical management division focuses on coordinating the access, storage, transportation and distribution process, maintaining gas infrastructure and ensuring the continuity and security of gas supply. The Unregulated activities division includes deregulated operations and transactions. The Company is present in a number of countries, such as Spain, Greece, Albania, Italy, Mexico, Chile and Peru.