Best Idea Gas Natural Releases 1Q Results Above Expectations; All Eyes on June Strategy Update
We reiterate our fair value estimate of EUR 21 per share and our narrow moat and stable trend ratings after Gas Natural released first-quarter results above consensus expectations on the bottom line. Shares look almost fairly valued after the recent rally. Still, likely incremental efficiency measures announced at the strategy update in June would drive an increase in our fair value estimate.ÂEBITDA increased by 3% to EUR 1.05 billion, or by 8% to EUR 1.1 billion on a recurring basis. The main ...
Gas Natural SDG is a gas company based in Spain. Co. and its subsidiaries are primarily engaged in the supply, transportation, distribution and commercialization of piped natural gas, as well as the activities involving exploration and developing, supply, regasification, liquefaction and storage of natural gas, and the generation and commercialization of electricity. Co. operates mainly in Spain and also outside of Spain, especially in Latin America, Puerto Rico, Italy, France and Africa (through Maghreb-Europe gas pipeline and integrated LNG projects in Algeria).
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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