Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 52-Week High – Here’s What Happened

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) hit a new 52-week high on Tuesday . The stock traded as high as $34.66 and last traded at $34.6250, with a volume of 363982 shares trading hands. The stock had previously closed at $32.96.

Analysts Set New Price Targets

TGS has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 3.3%

The firm has a market capitalization of $5.12 billion, a P/E ratio of 14.87, a PEG ratio of 1.08 and a beta of 0.84. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $30.35 and a 200-day moving average price of $28.36.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. Invesco Ltd. acquired a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $255,000. Vident Advisory LLC bought a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at $234,000. XTX Topco Ltd acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at $728,000. Uniplan Investment Counsel Inc. acquired a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $205,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $313,000. Institutional investors 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 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.