Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded to “Buy” 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 research report sent to investors on Saturday,Wall Street Zen reports.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Up 0.7%

TGS stock opened at $26.14 on Friday. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $27.83 and a two-hundred day moving average price of $29.79. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 10.02, a P/E/G ratio of 0.53 and a beta of 0.57. Transportadora De Gas Sa Ord B has a twelve month low of $21.11 and a twelve month high of $36.35.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The company had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. Analysts anticipate that Transportadora De Gas Sa Ord B will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors have recently bought and sold shares of the business. ABS Direct Equity Fund LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 69.0% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock worth $3,712,000 after acquiring an additional 50,980 shares during the period. Arlington Capital Management Inc. bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at $3,962,000. Engineers Gate Manager LP raised its stake in Transportadora De Gas Sa Ord B by 49.6% in the 2nd quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after acquiring an additional 8,930 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at $1,531,000. Finally, FNY Investment Advisers LLC acquired a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at $926,000. Institutional investors and hedge funds 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 Argentine natural gas transportation and processing company. It operates the country’s southern gas transportation system, moving natural gas from producing regions to distribution companies, power generators, industrial users and other customers.

The company also provides midstream services, including gas gathering, conditioning, treatment and compression. Through its processing complex at General Cerri near Bahía Blanca, TGS extracts and commercializes natural gas liquids such as ethane, propane, butane and natural gasoline.