Transportadora De Gas Sa Ord B (NYSE:TGS) Sets New 12-Month High – Time to Buy?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $34.66 and last traded at $34.6250, with a volume of 363982 shares changing hands. The stock had previously closed at $32.96.

Wall Street Analyst Weigh In

TGS has been the topic of several recent analyst reports. Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Price Performance

The company has a market cap of $5.12 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.08 and a beta of 0.84. The company’s 50-day moving average price is $30.35 and its two-hundred day moving average price is $28.36. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after purchasing an additional 3,665 shares during the period. Uniplan Investment Counsel Inc. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $205,000. Vident Advisory LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $234,000. Invesco Ltd. bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter valued at $255,000. Finally, BNP Paribas Financial Markets grew its position in Transportadora De Gas Sa Ord B by 1,027.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after buying an additional 7,646 shares in the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.

About Transportadora De Gas Sa Ord B

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.