Transportadora De Gas Sa Ord B (NYSE:TGS) Trading Down 3.1% – Time to Sell?

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) were down 3.1% during mid-day trading on Monday . The company traded as low as $29.03 and last traded at $29.1560. Approximately 3,310 shares were traded during trading, a decline of 99% from the average daily volume of 412,550 shares. The stock had previously closed at $30.10.

Wall Street Analysts Forecast Growth

TGS has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday, October 8th. Bank of America initiated coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

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 stock has a market capitalization of $4.42 billion, a PE ratio of 12.81, a P/E/G ratio of 1.46 and a beta of 0.80. The firm has a fifty day moving average price of $25.21 and a two-hundred day moving average price of $26.77.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 EPS 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 company had revenue of $316.00 million for the quarter, compared to the consensus estimate of $359.08 million. Research analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. NewEdge Advisors LLC grew its stake in Transportadora De Gas Sa Ord B by 28.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after acquiring an additional 2,725 shares in the last quarter. Allianz Asset Management GmbH raised its position in Transportadora De Gas Sa Ord B by 14.4% during the 1st quarter. Allianz Asset Management GmbH now owns 27,923 shares of the energy company’s stock valued at $739,000 after purchasing an additional 3,507 shares in the last quarter. Ping Capital Management Inc. increased its stake in shares of Transportadora De Gas Sa Ord B by 7.9% during the second quarter. Ping Capital Management Inc. now owns 58,500 shares of the energy company’s stock valued at $1,515,000 after buying an additional 4,300 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after acquiring an additional 4,347 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its stake in Transportadora De Gas Sa Ord B by 10.2% in the second quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock worth $1,804,000 after acquiring an additional 6,458 shares during the period. Institutional investors own 3.29% of the company’s stock.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.