Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $30.89 and traded as high as $31.50. Transportadora De Gas Sa Ord B shares last traded at $30.38, with a volume of 127,845 shares.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TGS. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Down 3.3%

The business has a fifty day moving average of $31.52 and a 200 day moving average of $30.89. The company has a market capitalization of $4.57 billion, a PE ratio of 13.75, a PEG ratio of 1.09 and a beta of 0.61. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The company had revenue of $326.20 million during the quarter. Equities research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after acquiring an additional 890 shares during the period. Lester Murray Antman dba SimplyRich boosted its holdings in Transportadora De Gas Sa Ord B by 1.4% during the 4th quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock valued at $2,033,000 after acquiring an additional 902 shares during the period. NewEdge Advisors LLC boosted its holdings in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after acquiring an additional 2,725 shares during the period. Van ECK Associates Corp boosted its holdings in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after acquiring an additional 3,665 shares during the period. Finally, JPMorgan Chase & Co. raised its position in Transportadora De Gas Sa Ord B by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares in the last quarter. 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.