Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Upgraded by Zacks Research

Transportadora De Gas Sa Ord B (NYSE:TGS) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

Several other research analysts have also recently weighed in on TGS. Weiss Ratings upgraded shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Transportadora De Gas Sa Ord B stock opened at $25.93 on Wednesday. The company has a market cap of $3.90 billion, a PE ratio of 9.99, a PEG ratio of 0.52 and a beta of 0.57. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 1 year low of $22.12 and a 1 year high of $36.35. The company’s 50-day moving average is $27.64 and its two-hundred day moving average is $29.50.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its 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 net margin of 27.38% and a return on equity of 16.29%. The company had revenue of $360.86 million during the quarter, compared to analyst estimates of $286.98 million. Equities analysts anticipate that Transportadora De Gas Sa Ord B will post 2.76 earnings per share for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its holdings in Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth $210,000. Systrade AG bought a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth $743,000. Engineers Gate Manager LP lifted its holdings in shares of Transportadora De Gas Sa Ord B by 49.6% during the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after buying an additional 8,930 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $926,000. 3.29% of the stock is currently owned by institutional investors.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.