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 analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Other equities research analysts have also issued reports about the company. Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Zacks Research raised 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 given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Trading Up 0.0%

Shares of TGS opened at $31.61 on Monday. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $36.35. The company has a market cap of $4.76 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.10 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. The company’s fifty day simple moving average is $30.75 and its 200-day simple moving average is $30.98.

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

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of large investors have recently bought and sold shares of TGS. Helikon Investments Ltd lifted its holdings in Transportadora De Gas Sa Ord B by 13.3% during the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock worth $102,077,000 after buying an additional 386,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Transportadora De Gas Sa Ord B by 9.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after acquiring an additional 137,032 shares during the period. SPX Gestao de Recursos Ltda raised its position in shares of Transportadora De Gas Sa Ord B by 108.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock worth $37,520,000 after acquiring an additional 628,438 shares in the last quarter. Fundamenta Capital S.A. bought a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth $18,565,000. Finally, Banco BTG Pactual S.A. lifted its stake in shares of Transportadora De Gas Sa Ord B by 143.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock worth $4,227,000 after purchasing an additional 118,357 shares during the last quarter. Institutional investors 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.