Transportadora De Gas Sa Ord B (NYSE:TGS) Given Average Recommendation of “Buy” by Analysts

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

Several research firms recently weighed in on TGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 26th. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Bank of America initiated coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 price target for the company.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several hedge funds have recently made changes to their positions in the company. Fourth Sail Capital LP lifted its position 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 buying an additional 68,465 shares during the period. Banco BTG Pactual S.A. bought a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth about $2,141,000. Y Intercept Hong Kong Ltd purchased a new position in Transportadora De Gas Sa Ord B during the 2nd quarter valued at about $488,000. Janney Montgomery Scott LLC lifted its position 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 acquiring an additional 12,965 shares during the period. Finally, Encompass Capital Advisors LLC bought a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $25,900,000. 3.29% of the stock is currently owned by institutional investors.

Transportadora De Gas Sa Ord B Stock Up 0.5%

NYSE TGS opened at $30.97 on Friday. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $33.70. The stock has a market capitalization of $4.66 billion, a PE ratio of 13.52, a PEG ratio of 1.29 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The business’s 50-day moving average is $30.57 and its 200 day moving average is $27.46.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The business had revenue of $309.14 million during the quarter, compared to analysts’ expectations of $359.08 million. Sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

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.