Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 308,393 shares, a decline of 47.1% from the April 15th total of 582,524 shares. Based on an average trading volume of 263,774 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.2% of the shares of the company are short sold.
Hedge Funds Weigh In On Transportadora De Gas Sa Ord B
A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in shares of Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares during the last quarter. Lester Murray Antman dba SimplyRich raised its stake 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 valued at $2,033,000 after buying an additional 902 shares during the last quarter. NewEdge Advisors LLC raised its stake 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 valued at $322,000 after buying an additional 2,725 shares during the last quarter. Van ECK Associates Corp raised its stake 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 valued at $135,000 after buying an additional 3,665 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 valued at $2,954,000 after buying an additional 4,347 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on TGS shares. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. 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 research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $39.50.
Transportadora De Gas Sa Ord B Stock Performance
TGS traded up $1.23 on Monday, reaching $30.65. 369,782 shares of the stock were exchanged, compared to its average volume of 293,291. The company’s 50-day moving average price is $31.74 and its 200 day moving average price is $30.89. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $36.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The firm has a market capitalization of $4.61 billion, a PE ratio of 13.87, a PEG ratio of 1.02 and a beta of 0.63.
Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last released its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. The business had revenue of $326.20 million during the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. As a group, sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current fiscal year.
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.
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