Wall Street Zen Upgrades Transportadora De Gas Sa Ord B (NYSE:TGS) to “Buy”

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

A number of other analysts also recently weighed in on the company. Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Finally, Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

NYSE:TGS opened at $30.41 on Friday. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm’s 50-day simple moving average is $30.38 and its 200 day simple moving average is $30.76. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.12 and a beta of 0.63.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp boosted its holdings in shares of Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after purchasing an additional 890 shares in the last quarter. Lester Murray Antman dba SimplyRich raised its holdings in shares of 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 worth $2,033,000 after buying an additional 902 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of 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 worth $322,000 after buying an additional 2,725 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of 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 worth $135,000 after buying an additional 3,665 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Transportadora De Gas Sa Ord B by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after buying an additional 4,347 shares during the last quarter. 3.29% of the stock is currently owned by institutional investors and hedge funds.

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.