Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Crosses Above 200 Day Moving Average – Here’s Why

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $27.35 and traded as high as $29.49. Transportadora De Gas Sa Ord B shares last traded at $28.83, with a volume of 159,692 shares trading hands.

Analyst Ratings Changes

A number of research firms have commented on TGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. 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 target price for the company. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

The company has a market cap of $4.34 billion, a P/E ratio of 12.59, a P/E/G ratio of 1.20 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. The firm has a 50 day moving average price of $30.59 and a 200-day moving average price of $27.35.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $309.14 million during the quarter, compared to the consensus estimate of $359.08 million. On average, research analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of hedge funds have recently modified their holdings of the company. Fourth Sail Capital LP increased its holdings in Transportadora De Gas Sa Ord B by 37.1% in the 2nd quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after buying an additional 68,465 shares during the period. Banco BTG Pactual S.A. bought a new position in Transportadora De Gas Sa Ord B during the 2nd quarter valued at about $2,141,000. Janney Montgomery Scott LLC increased its holdings in Transportadora De Gas Sa Ord B by 77.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock valued at $770,000 after purchasing an additional 12,965 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter valued at approximately $488,000. Finally, Encompass Capital Advisors LLC bought a new position in Transportadora De Gas Sa Ord B in the second quarter valued at about $25,900,000. Institutional investors own 3.29% of the company’s stock.

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.