Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) announced its quarterly earnings data on Monday. The energy company reported $0.60 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $360.86 million for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%.
Transportadora De Gas Sa Ord B Trading Down 3.3%
TGS stock traded down $1.03 during mid-day trading on Tuesday, reaching $30.07. 23,160 shares of the stock traded hands, compared to its average volume of 294,802. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $36.35. The company has a market cap of $4.53 billion, a P/E ratio of 13.58, a P/E/G ratio of 0.60 and a beta of 0.63. The stock’s fifty day moving average is $30.51 and its 200-day moving average is $30.81.
Wall Street Analyst Weigh In
TGS has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Finally, Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.00.
Institutional Investors Weigh In On Transportadora De Gas Sa Ord B
A number of large investors have recently made changes to their positions in the company. Helikon Investments Ltd lifted its position in shares of Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after acquiring an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 valued at $42,154,000 after purchasing an additional 137,032 shares during the period. SPX Gestao de Recursos Ltda raised its stake in Transportadora De Gas Sa Ord B by 108.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after purchasing an additional 628,438 shares during the period. Fundamenta Capital S.A. purchased a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $18,565,000. Finally, Banco BTG Pactual S.A. lifted its holdings in shares of Transportadora De Gas Sa Ord B by 143.2% in the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after purchasing an additional 118,357 shares in the last quarter. Institutional investors and hedge funds 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.
Read More
- Five stocks we like better than Transportadora De Gas Sa Ord B
- GLP-1 Demand Is Creating a New Dividend Angle in These 4 Logistics Stocks
- Tether Strikes Gold: Crypto’s Physical Pivot
- Jersey Mike’s Serves Fresh Gains After IPO Stumble
- 3 Drone Stocks That Should Soar After the Summer Slump
Receive News & Ratings for Transportadora De Gas Sa Ord B Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transportadora De Gas Sa Ord B and related companies with MarketBeat.com's FREE daily email newsletter.
