Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other analysts also recently issued reports on TGS. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Bank of America initiated 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 target on the stock. Finally, Zacks Research raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of “Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 0.5%

Transportadora De Gas Sa Ord B stock opened at $30.97 on Friday. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.30 and a beta of 0.82. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $33.70. The firm’s 50 day moving average price is $30.57 and its two-hundred day moving average price is $27.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.50. The business had revenue of $309.14 million for the quarter, compared to analysts’ expectations of $359.08 million. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%. On average, research analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its position in Transportadora De Gas Sa Ord B by 1,027.7% in the third 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 in the last quarter. NewEdge Advisors LLC boosted its holdings 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 worth $322,000 after purchasing an additional 2,725 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Transportadora De Gas Sa Ord B during the second quarter worth $488,000. Insigneo Advisory Services LLC increased its position in Transportadora De Gas Sa Ord B by 84.7% during the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock worth $547,000 after buying an additional 9,687 shares during the last quarter. Finally, Systrade AG bought a new position in Transportadora De Gas Sa Ord B during the fourth quarter valued at about $777,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

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.