Yankuang Energy Group (OTCMKTS:YZCAY) Shares Gap Up – Still a Buy?

Yankuang Energy Group Company Limited Sponsored ADR (OTCMKTS:YZCAY)’s stock price gapped up before the market opened on Friday. The stock had previously closed at $14.36, but opened at $15.00. Yankuang Energy Group shares last traded at $15.00, with a volume of 1,006 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Yankuang Energy Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Yankuang Energy Group Stock Up 0.5%

The firm has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $16.85. The company has a market capitalization of $14.51 billion, a P/E ratio of 8.43 and a beta of 0.19.

Yankuang Energy Group (OTCMKTS:YZCAY) last issued its quarterly earnings data on Monday, August 31st. The energy company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.37). The company had revenue of $10.45 billion for the quarter, compared to analyst estimates of $6.45 billion. On average, sell-side analysts predict that Yankuang Energy Group Company Limited Sponsored ADR will post 2.5 earnings per share for the current fiscal year.

Yankuang Energy Group Company Profile

Yankuang Energy Group Co, Ltd. is a China-based energy and mining company formerly known as Yanzhou Coal Mining Co, Ltd. The company is principally engaged in the exploration, mining, processing and sale of coal, serving power generation, industrial and other energy-related customers.

In addition to its coal operations, Yankuang Energy has interests in coal-to-chemicals and other chemical products, electricity and heat generation, mining equipment manufacturing, and logistics and transportation services.