ENGIE (ENGIY) Expected to Announce Earnings on Friday

ENGIE (OTCMKTS:ENGIY) is anticipated to announce its resultson Friday, July 31st. Analysts expect the company to announce earnings of $0.6120 per share and revenue of $17.5315 billion for the quarter.

ENGIE Stock Down 3.2%

ENGIY stock opened at $29.97 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.08 and a debt-to-equity ratio of 1.06. ENGIE has a one year low of $20.18 and a one year high of $35.16. The firm has a 50-day moving average of $31.13 and a two-hundred day moving average of $31.34.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ENGIY shares. Morgan Stanley reissued an “overweight” rating on shares of ENGIE in a research report on Monday, May 11th. Citigroup restated a “buy” rating on shares of ENGIE in a research report on Friday, April 17th. Zacks Research lowered shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 10th. Barclays reiterated an “overweight” rating on shares of ENGIE in a research report on Thursday, June 18th. Finally, Sanford C. Bernstein downgraded shares of ENGIE from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, ENGIE has a consensus rating of “Moderate Buy”.

About ENGIE

ENGIE is a Paris-headquartered multinational energy company engaged across the value chain of electricity and natural gas, along with associated infrastructure and services. The company develops, builds and operates power generation assets (including gas-fired plants and an expanding portfolio of renewable generation such as wind, solar and hydro), trades and markets energy commodities, and supplies energy to industrial, commercial and residential customers. ENGIE also provides energy infrastructure and networks, liquefied natural gas (LNG) solutions, and a range of energy services including energy efficiency, facility management and distributed energy systems.

The group traces its modern corporate roots to the 2008 combination of Gaz de France and Suez, and subsequently adopted the ENGIE name in 2015 as part of a strategic repositioning.