Banco BTG Pactual S.A. Sells 94,954 Shares of Transportadora De Gas Sa Ord B $TGS

Banco BTG Pactual S.A. decreased its position in Transportadora De Gas Sa Ord B (NYSE:TGS) by 47.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,060 shares of the energy company’s stock after selling 94,954 shares during the quarter. Banco BTG Pactual S.A. owned approximately 0.07% of Transportadora De Gas Sa Ord B worth $3,297,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Helikon Investments Ltd bought a new position in Transportadora De Gas Sa Ord B in the third quarter valued at about $60,929,000. Fundamenta Capital S.A. bought a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $18,565,000. Moneda S.A. Administradora General de Fondos bought a new position in Transportadora De Gas Sa Ord B in the third quarter valued at about $3,418,000. ABS Direct Equity Fund LLC purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth about $1,620,000. Finally, Crocodile Capital Partners GmbH purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth about $777,000. Institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $33.08 on Friday. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The business has a 50-day simple moving average of $31.08 and a two-hundred day simple moving average of $30.91. The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.07 and a beta of 0.61.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (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 firm had revenue of $326.20 million during the quarter. On average, analysts expect that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $39.00.

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.