Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded to “Hold” Rating by Wall Street Zen

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Several other analysts also recently weighed in 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. 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 equities research 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’s stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B currently has a consensus rating of “Buy” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Down 0.8%

NYSE:TGS opened at $33.09 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 twelve month low of $19.74 and a twelve month high of $36.35. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.61. The stock’s 50 day moving average price is $31.05 and its two-hundred day moving average price is $30.92.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 earnings per share 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 business had revenue of $326.20 million during the quarter. Equities research analysts expect that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently bought and sold shares of the company. ABS Direct Equity Fund LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 41.8% in 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 buying an additional 21,788 shares during the period. Fifth Third Bancorp boosted its holdings 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 acquiring an additional 890 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the first quarter valued at approximately $210,000. Invesco Ltd. purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter worth $255,000. Finally, Vident Advisory LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $234,000. Institutional investors and hedge funds 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.