Transportadora De Gas Sa Ord B (NYSE:TGS) Reaches New 12-Month Low – Should You Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $22.19 and last traded at $22.3960, with a volume of 207,821 shares traded. The stock had previously closed at $23.25.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded 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 upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Stock Performance

The company has a quick ratio of 3.10, a current ratio of 3.11 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $3.31 billion, a price-to-earnings ratio of 8.73, a price-to-earnings-growth ratio of 0.48 and a beta of 0.58. The stock’s 50-day simple moving average is $27.01 and its 200 day simple moving average is $29.71.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings data on Thursday, October 29th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.18). Transportadora De Gas Sa Ord B had a net margin of 26.02% and a return on equity of 14.29%. The business had revenue of $349.16 million during the quarter, compared to the consensus estimate of $337.23 million. Analysts expect that Transportadora De Gas Sa Ord B will post 2.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently added to or reduced their stakes in the stock. Arlington Capital Management Inc. bought a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $3,962,000. Absolute Gestao de Investimentos Ltda. acquired a new position in Transportadora De Gas Sa Ord B during the second quarter valued at approximately $1,531,000. ABS Direct Equity Fund LLC grew its holdings in Transportadora De Gas Sa Ord B by 69.0% during the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after purchasing an additional 50,980 shares during the period. FNY Investment Advisers LLC bought a new stake in Transportadora De Gas Sa Ord B in the second quarter valued at approximately $926,000. Finally, Systrade AG bought a new stake in Transportadora De Gas Sa Ord B in the second quarter valued at approximately $743,000. 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 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.