Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 12-Month High – Still a Buy?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $35.90 and last traded at $35.1640, with a volume of 52492 shares changing hands. The stock had previously closed at $34.37.

Wall Street Analysts Forecast Growth

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

Transportadora De Gas Sa Ord B Price Performance

The stock has a 50 day moving average of $30.98 and a two-hundred day moving average of $28.84. The stock has a market cap of $5.20 billion, a PE ratio of 16.46, a PEG ratio of 1.16 and a beta of 0.84. 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 posted its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 earnings per share (EPS) for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.05% and a net margin of 24.28%.The firm had revenue of $326.20 million for the quarter. Equities analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently made changes to their positions in the company. Banco BTG Pactual S.A. purchased a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $2,141,000. Ping Capital Management Inc. lifted its holdings in shares of Transportadora De Gas Sa Ord B by 75.6% in the third quarter. Ping Capital Management Inc. now owns 102,700 shares of the energy company’s stock valued at $2,160,000 after purchasing an additional 44,200 shares in the last quarter. Helikon Investments Ltd purchased a new stake in shares of Transportadora De Gas Sa Ord B in the third quarter valued at $60,929,000. Encompass Capital Advisors LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter worth $25,900,000. Finally, Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Transportadora De Gas Sa Ord B in the third quarter worth $3,418,000. 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.