Brokerages Expect Transportadora de Gas del Sur SA (TGS) Will Post Earnings of $0.24 Per Share

Equities research analysts expect Transportadora de Gas del Sur SA (NYSE:TGS) to report earnings of $0.24 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings of $0.20 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is expected to issue its next quarterly earnings report on Tuesday, March 20th.

On average, analysts expect that Transportadora de Gas del Sur will report full year earnings of $0.95 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will post earnings of $2.13 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Transportadora de Gas del Sur.

How to Become a New Pot Stock Millionaire

TGS has been the subject of a number of recent research reports. Zacks Investment Research upgraded Transportadora de Gas del Sur from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, December 27th. Santander lowered Transportadora de Gas del Sur from a “hold” rating to an “underweight” rating in a research note on Friday, December 15th. Finally, Morgan Stanley lowered Transportadora de Gas del Sur from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a research note on Tuesday, March 13th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $26.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. William Blair Investment Management LLC grew its position in shares of Transportadora de Gas del Sur by 129.8% during the 4th quarter. William Blair Investment Management LLC now owns 713,825 shares of the energy company’s stock valued at $15,868,000 after acquiring an additional 403,186 shares during the period. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $205,000. Driehaus Capital Management LLC acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $333,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $3,135,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $304,000. Institutional investors and hedge funds own 9.29% of the company’s stock.

Transportadora de Gas del Sur stock traded down $0.46 during midday trading on Monday, hitting $20.73. The company’s stock had a trading volume of 163,599 shares, compared to its average volume of 211,006. The stock has a market cap of $3,367.07, a price-to-earnings ratio of 22.78 and a beta of 1.21. Transportadora de Gas del Sur has a twelve month low of $13.30 and a twelve month high of $24.22. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.55 and a quick ratio of 1.53.

TRADEMARK VIOLATION NOTICE: “Brokerages Expect Transportadora de Gas del Sur SA (TGS) Will Post Earnings of $0.24 Per Share” was originally reported by The Lincolnian Online and is the property of of The Lincolnian Online. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.thelincolnianonline.com/2018/04/11/brokerages-expect-transportadora-de-gas-del-sur-sa-tgs-will-post-earnings-of-0-24-per-share.html.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.

Get a free copy of the Zacks research report on Transportadora de Gas del Sur (TGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Transportadora de Gas del Sur Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transportadora de Gas del Sur and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply