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

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

Separately, 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, March 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Down 1.4%

TGS opened at $29.44 on Tuesday. The business has a 50 day moving average of $31.72 and a 200-day moving average of $30.85. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.04 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.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The firm had revenue of $326.20 million during the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%. As a group, sell-side analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its stake in Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the first quarter valued at approximately $210,000. 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 acquired a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $234,000. Finally, XTX Topco Ltd bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $728,000. 3.29% of the stock is owned by institutional investors and hedge funds.

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.