China Shenhua Energy (OTCMKTS:CSUAY) Hits New 52-Week High - Should You Buy?

Key Points

• China Shenhua Energy's stock reached a new 52-week high at $20.31, showing a significant increase from its prior closing price of $19.48.
• Analysts have been cautious, with UBS Group downgrading the stock from "hold" to "strong sell," resulting in a consensus rating of "Reduce" and an average target price of $32.50.
• The company declared an increased dividend of $1.0629 per share, reflecting a dividend yield of 610.0%, indicating strong returns for shareholders.

China Shenhua Energy Co. (OTCMKTS:CSUAY - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $20.31 and last traded at $20.31, with a volume of 5034 shares changing hands. The stock had previously closed at $19.48.

Analyst Ratings Changes

Separately, UBS Group downgraded shares of China Shenhua Energy from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 16th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, China Shenhua Energy currently has a consensus rating of "Reduce" and a consensus price target of $32.50.

China Shenhua Energy Stock Performance

The firm has a 50 day moving average price of $18.31 and a 200 day moving average price of $16.98. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.04 and a current ratio of 2.17.

China Shenhua Energy (OTCMKTS:CSUAY - Get Free Report) last posted its earnings results on Friday, August 29th. The company reported $0.37 earnings per share for the quarter. China Shenhua Energy had a return on equity of 11.13% and a net margin of 18.27%.The company had revenue of $9.48 billion during the quarter. Sell-side analysts predict that China Shenhua Energy Co. will post 1.66 earnings per share for the current year.

China Shenhua Energy Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 3rd. Investors of record on Tuesday, July 1st were given a $1.0629 dividend. This represents a dividend yield of 610.0%. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from China Shenhua Energy's previous dividend of $1.05. China Shenhua Energy's payout ratio is 67.52%.

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.