Transportadora De Gas Sa Ord B (NYSE:TGS) Rating Increased to Buy at Wall Street Zen

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

TGS has been the topic of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Finally, Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Transportadora De Gas Sa Ord B stock opened at $30.41 on Friday. The company has a market cap of $4.58 billion, a PE ratio of 13.76, a PEG ratio of 1.08 and a beta of 0.63. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The company’s 50-day moving average is $30.38 and its two-hundred day moving average is $30.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TGS. Fifth Third Bancorp increased its stake in Transportadora De Gas Sa Ord B by 116.0% in the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after purchasing an additional 890 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Transportadora De Gas Sa Ord B by 536.6% during the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after purchasing an additional 3,665 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after purchasing an additional 7,646 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $205,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 1st quarter valued at $210,000. 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.