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

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) have received a consensus recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $39.50.

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Bank of America started coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 price objective on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday.

Transportadora De Gas Sa Ord B Stock Down 2.4%

Transportadora De Gas Sa Ord B stock opened at $28.72 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10. The stock has a market cap of $4.32 billion, a PE ratio of 12.54, a P/E/G ratio of 1.23 and a beta of 0.81. The stock’s fifty day moving average is $30.58 and its two-hundred day moving average is $27.92.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TGS. Helikon Investments Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $60,929,000. Encompass Capital Advisors LLC bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $25,900,000. SPX Gestao de Recursos Ltda boosted its stake in Transportadora De Gas Sa Ord B by 108.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after purchasing an additional 628,438 shares during the period. Fundamenta Capital S.A. bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter worth about $18,565,000. Finally, CI Investments Inc. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $5,083,000. 3.29% of the stock is currently owned by 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.