China Shenhua Energy (OTCMKTS:CSUAY) Reaches New 1-Year High - Still a Buy?

Key Points

• China Shenhua Energy achieved a new 52-week high, trading at $19.24, indicative of strong performance despite a recent downgrade by UBS from "hold" to "strong sell."
• The company has announced a dividend increase to $1.0629, from its previous dividend of $1.05, resulting in a yield of 610.0% and a payout ratio of 65.43%.
• China Shenhua Energy has a market capitalization of $96.76 billion and continues to show stability with a low debt-to-equity ratio of 0.06.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $19.27 and last traded at $19.24, with a volume of 7083 shares changing hands. The stock had previously closed at $18.75.

Analysts Set New Price Targets

Separately, UBS Group lowered shares of China Shenhua Energy from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 16th.

China Shenhua Energy Stock Performance

The stock's 50-day moving average is $17.12 and its 200-day moving average is $16.35. The firm has a market capitalization of $96.76 billion, a price-to-earnings ratio of 12.01 and a beta of 0.22. The company has a current ratio of 2.17, a quick ratio of 2.04 and a debt-to-equity ratio of 0.06.

China Shenhua Energy Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, July 1st will be given a $1.0629 dividend. This is an increase from China Shenhua Energy's previous dividend of $1.05. The ex-dividend date is Monday, June 30th. This represents a yield of 610.0%. China Shenhua Energy's dividend payout ratio is currently 65.43%.

About China Shenhua Energy

China Shenhua Energy Company Limited, together with its subsidiaries, engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. It operates through six segments: Coal, Power Generation, Railway, Port, Shipping, and Coal Chemical.

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