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

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

A number of other analysts also recently issued reports on TGS. Bank of America started coverage on Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They set a “buy” rating and a $39.00 price target for the company. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Transportadora De Gas Sa Ord B stock opened at $31.86 on Monday. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.10. The business has a fifty day moving average price of $30.83 and a 200-day moving average price of $27.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The firm has a market capitalization of $4.80 billion, a P/E ratio of 13.91, a PEG ratio of 1.34 and a beta of 0.81.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The firm had revenue of $309.14 million for the quarter, compared to analysts’ expectations of $359.08 million. As a group, equities research analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. Helikon Investments Ltd purchased a new stake in Transportadora De Gas Sa Ord B during the 3rd quarter valued at about $60,929,000. Encompass Capital Advisors LLC bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $25,900,000. 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 purchased a new position in shares of Transportadora De Gas Sa Ord B in the third quarter worth approximately $3,418,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after acquiring an additional 137,032 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

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.