China Shenhua Energy Co. (OTCMKTS:CSUAY – Get Free Report)’s share price gapped up before the market opened on Monday. The stock had previously closed at $22.3150, but opened at $23.17. China Shenhua Energy shares last traded at $23.00, with a volume of 3,639 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Zacks Research cut shares of China Shenhua Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on China Shenhua Energy
China Shenhua Energy Stock Performance
China Shenhua Energy (OTCMKTS:CSUAY – Get Free Report) last issued its quarterly earnings results on Friday, August 28th. The company reported $0.50 EPS for the quarter. China Shenhua Energy had a net margin of 16.90% and a return on equity of 11.61%. The firm had revenue of $17.48 billion for the quarter. As a group, sell-side analysts forecast that China Shenhua Energy Co. will post 1.87 earnings per share for the current fiscal year.
China Shenhua Energy Company Profile
China Shenhua Energy Company Limited is an integrated energy company and a subsidiary of China Energy Investment Corporation. Established in 2004, the company is primarily engaged in coal production and sales, while also operating businesses that connect coal resources with transportation, power generation and coal-chemical production.
The company produces thermal coal and metallurgical coal from mines in China, particularly in Inner Mongolia and Shaanxi. Its transportation operations include dedicated railways, ports and a shipping fleet used to move coal from mining regions to customers and power-generation facilities.
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