Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded to Buy at Wall Street Zen

Transportadora De Gas Sa Ord B (NYSE:TGS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

TGS opened at $29.54 on Friday. The business’s 50 day moving average is $31.37 and its 200-day moving average is $30.88. The stock has a market cap of $4.45 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.06 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 has a twelve month low of $19.74 and a twelve month high of $36.35.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. ABS Direct Equity Fund LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 41.8% during the first quarter. ABS Direct Equity Fund LLC now owns 73,881 shares of the energy company’s stock valued at $2,557,000 after acquiring an additional 21,788 shares during the period. Fifth Third Bancorp grew its position in Transportadora De Gas Sa Ord B by 116.0% in the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after buying an additional 890 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B in the first quarter worth approximately $210,000. Invesco Ltd. acquired a new position in Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $255,000. Finally, Vident Advisory LLC acquired a new position in Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $234,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Company Profile

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.