Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Lowered by Zacks Research

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on TGS. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Transportadora De Gas Sa Ord B presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE:TGS opened at $33.51 on Monday. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $30.68 and its two-hundred day moving average is $27.57. The firm has a market capitalization of $5.04 billion, a P/E ratio of 14.63, a PEG ratio of 1.34 and a beta of 0.82. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $33.83.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings data 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. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The business had revenue of $309.14 million during the quarter, compared to analyst estimates of $359.08 million. Analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

Large investors have recently added to or reduced their stakes in the business. Lester Murray Antman dba SimplyRich grew its position in Transportadora De Gas Sa Ord B by 1.4% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock worth $2,033,000 after buying an additional 902 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after acquiring an additional 2,725 shares in the last quarter. Ping Capital Management Inc. grew its holdings in shares of Transportadora De Gas Sa Ord B by 7.9% in the 2nd quarter. Ping Capital Management Inc. now owns 58,500 shares of the energy company’s stock worth $1,515,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after purchasing an additional 4,347 shares during the period. Finally, BNP Paribas Financial Markets raised 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 during the period. 3.29% of the stock is currently owned by institutional investors.

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.