Transportadora De Gas Sa Ord B (NYSE:TGS) Sees Significant Drop in Short Interest

Transportadora De Gas Sa Ord B (NYSE:TGS) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 308,393 shares, a decline of 47.1% from the April 15th total of 582,524 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 263,774 shares, the days-to-cover ratio is currently 1.2 days.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $39.50.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of hedge funds have recently made changes to their positions in TGS. Fifth Third Bancorp raised 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 worth $57,000 after acquiring an additional 890 shares during the last quarter. Van ECK Associates Corp raised its holdings in Transportadora De Gas Sa Ord B by 536.6% in the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after acquiring an additional 3,665 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Transportadora De Gas Sa Ord B by 1,027.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after acquiring an additional 7,646 shares during the last quarter. Uniplan Investment Counsel Inc. purchased a new position in Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC purchased a new position in Transportadora De Gas Sa Ord B in the 1st quarter worth approximately $210,000. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Stock Up 4.2%

Shares of TGS traded up $1.23 during mid-day trading on Monday, reaching $30.65. The company had a trading volume of 369,782 shares, compared to its average volume of 293,291. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm has a 50-day moving average price of $31.78 and a 200 day moving average price of $30.88. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.02 and a beta of 0.63.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The firm had revenue of $326.20 million for the quarter. On average, sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

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.