Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a hold rating to a buy rating in a report issued on Monday.

Other equities analysts have also recently issued reports about the company. Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Finally, Bank of America assumed coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS stock opened at $30.13 on Monday. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.10. The company’s 50-day moving average is $30.88 and its 200 day moving average is $27.80. The company has a market capitalization of $4.54 billion, a price-to-earnings ratio of 13.16, a price-to-earnings-growth ratio of 1.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. The business had revenue of $309.14 million during the quarter, compared to analysts’ expectations of $359.08 million. Sell-side analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of hedge funds have recently bought and sold shares of TGS. Helikon Investments Ltd purchased a new position in Transportadora De Gas Sa Ord B in the third quarter worth about $60,929,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Transportadora De Gas Sa Ord B by 9.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after purchasing an additional 137,032 shares during the period. Encompass Capital Advisors LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $25,900,000. Fundamenta Capital S.A. purchased a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $18,565,000. Finally, Fourth Sail Capital LP grew its position in Transportadora De Gas Sa Ord B by 37.1% during the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after buying an additional 68,465 shares during the period. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.