Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded 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,Wall Street Zen reports.

Several other equities analysts have also recently commented on the company. Weiss Ratings raised Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One equities research 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, Transportadora De Gas Sa Ord B has an average rating of “Hold” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Down 1.2%

NYSE TGS opened at $25.82 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm has a 50-day simple moving average of $27.77 and a 200 day simple moving average of $29.69. Transportadora De Gas Sa Ord B has a twelve month low of $21.11 and a twelve month high of $36.35. The stock has a market cap of $3.89 billion, a PE ratio of 9.89, a PEG ratio of 0.53 and a beta of 0.57.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The firm had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. On average, research analysts forecast that Transportadora De Gas Sa Ord B will post 2.71 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently bought and sold shares of the business. ABS Direct Equity Fund LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 69.0% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after acquiring an additional 50,980 shares in the last quarter. Arlington Capital Management Inc. acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter valued at about $3,962,000. Engineers Gate Manager LP increased its stake in Transportadora De Gas Sa Ord B by 49.6% in the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after acquiring an additional 8,930 shares during the period. Absolute Gestao de Investimentos Ltda. bought a new stake in Transportadora De Gas Sa Ord B in the second quarter valued at about $1,531,000. Finally, FNY Investment Advisers LLC bought a new stake in Transportadora De Gas Sa Ord B in the second quarter valued at about $926,000. 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 Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.