$0.27 Earnings Per Share Expected for Transportadora de Gas del Sur SA (TGS) This Quarter

Wall Street analysts expect Transportadora de Gas del Sur SA (NYSE:TGS) to report earnings per share (EPS) of $0.27 for the current quarter, Zacks reports. Zero analysts have issued estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings per share of $0.20 during the same quarter last year, which indicates a positive year-over-year growth rate of 35%. The business is scheduled to issue its next earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Transportadora de Gas del Sur will report full-year earnings of $0.98 per share for the current fiscal year. For the next financial year, analysts forecast that the company will post earnings of $2.12 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Transportadora de Gas del Sur.

TGS has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Transportadora de Gas del Sur from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Wednesday, December 27th. Santander cut shares of Transportadora de Gas del Sur from a “hold” rating to an “underweight” rating in a research report on Friday, December 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $26.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BW Gestao de Investimentos Ltda. raised its position in shares of Transportadora de Gas del Sur by 8.2% during the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 36,176 shares of the energy company’s stock valued at $735,000 after buying an additional 2,749 shares in the last quarter. Advisor Group Inc. raised its position in Transportadora de Gas del Sur by 304.2% in the 3rd quarter. Advisor Group Inc. now owns 13,658 shares of the energy company’s stock worth $277,000 after purchasing an additional 10,279 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Transportadora de Gas del Sur in the 2nd quarter worth about $183,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter worth about $237,000. Finally, Invictus RG purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter worth about $254,000. Hedge funds and other institutional investors own 8.43% of the company’s stock.

Shares of Transportadora de Gas del Sur (NYSE TGS) opened at $20.74 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1,580.00, a PE ratio of 28.81 and a beta of 1.09. Transportadora de Gas del Sur has a 1 year low of $10.26 and a 1 year high of $24.22.

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Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.

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