Transportadora De Gas Sa Ord B (NYSE:TGS) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) released its quarterly earnings data on Wednesday. The energy company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.16, reports. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The business had revenue of $390.75 million for the quarter, compared to analyst estimates of $339.75 million.

Transportadora De Gas Sa Ord B Stock Up 1.3%

Shares of TGS stock traded up $0.46 on Thursday, hitting $34.35. The stock had a trading volume of 21,103 shares, compared to its average volume of 247,287. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.13 and a beta of 0.84. The stock’s 50 day moving average is $30.54 and its 200-day moving average is $28.45. 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 has a 52-week low of $19.74 and a 52-week high of $35.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on TGS shares. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.50.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $600,000. State of Wisconsin Investment Board acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at about $1,005,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $1,516,000. UBS Group AG increased its position in shares of Transportadora De Gas Sa Ord B by 2,997.4% during the third quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock worth $2,852,000 after acquiring an additional 131,258 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Transportadora De Gas Sa Ord B by 167.1% in the third quarter. Mackenzie Financial Corp now owns 127,390 shares of the energy company’s stock worth $2,679,000 after acquiring an additional 79,690 shares in the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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.