Transportadora De Gas Sa Ord B (NYSE:TGS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a research report released on Saturday.

Other research analysts have also issued reports about the company. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Zacks Research cut 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, Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 1.6%

TGS opened at $29.37 on Friday. The business has a 50 day moving average of $30.63 and a 200-day moving average of $27.92. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.23 and a beta of 0.81. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10.

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 TGS. Van ECK Associates Corp grew its position in shares of 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 worth $135,000 after buying an additional 3,665 shares during the period. BNP Paribas Financial Markets grew its holdings in Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after purchasing an additional 7,646 shares during the period. OLD National Bancorp IN acquired a new position in Transportadora De Gas Sa Ord B during the fourth quarter valued at approximately $277,000. NewEdge Advisors LLC increased its stake in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Transportadora De Gas Sa Ord B in the second quarter worth $488,000. 3.29% of the stock is owned by institutional investors.

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.