Transportadora De Gas Sa Ord B (NYSE:TGS) Receives $39.50 Consensus Price Target from Brokerages

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) have earned an average recommendation of “Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $39.50.

Several equities analysts have commented on the stock. Bank of America began coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price target for the company. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th.

Transportadora De Gas Sa Ord B Trading Down 1.0%

TGS opened at $30.78 on Tuesday. The firm has a market capitalization of $4.63 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.29 and a beta of 0.82. The firm’s 50 day moving average is $30.73 and its 200-day moving average is $27.20. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $34.37.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. The firm had revenue of $309.14 million for the quarter, compared to analysts’ expectations of $359.08 million. Analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd acquired a new position in Transportadora De Gas Sa Ord B during the 3rd quarter valued at $60,929,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Transportadora De Gas Sa Ord B by 9.2% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after buying an additional 137,032 shares during the period. Encompass Capital Advisors LLC acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $25,900,000. Fourth Sail Capital LP increased its stake in Transportadora De Gas Sa Ord B by 37.1% during the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after acquiring an additional 68,465 shares during the period. Finally, Banco BTG Pactual S.A. increased its stake in Transportadora De Gas Sa Ord B by 143.2% during the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after acquiring an additional 118,357 shares during the period. 3.29% of the stock is currently owned by hedge funds and other 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.