Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.89 and traded as high as $31.50. Transportadora De Gas Sa Ord B shares last traded at $30.38, with a volume of 127,845 shares changing hands.

Analysts Set New Price Targets

TGS has been the subject of a number of recent analyst reports. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. 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. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

The stock has a market cap of $4.45 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 1.06 and a beta of 0.61. The firm has a 50-day moving average price of $31.37 and a 200-day moving average price of $30.88. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (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 during the quarter. On average, analysts forecast that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Helikon Investments Ltd increased its position in Transportadora De Gas Sa Ord B by 13.3% during the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after buying an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after buying an additional 137,032 shares in the last quarter. SPX Gestao de Recursos Ltda increased its position in Transportadora De Gas Sa Ord B by 108.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after buying an additional 628,438 shares in the last quarter. Fundamenta Capital S.A. bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at approximately $18,565,000. Finally, Banco BTG Pactual S.A. increased its position in Transportadora De Gas Sa Ord B by 143.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after buying an additional 118,357 shares in the last quarter. 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.