Traders Purchase High Volume of Put Options on Transportadora De Gas Sa Ord B (NYSE:TGS)

Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) was the recipient of unusually large options trading on Wednesday. Traders purchased 3,900 put options on the stock. This represents an increase of approximately 1,626% compared to the typical daily volume of 226 put options.

Transportadora De Gas Sa Ord B Stock Down 0.5%

NYSE:TGS traded down $0.14 on Friday, hitting $24.82. 13,192 shares of the company’s stock traded hands, compared to its average volume of 280,319. The company has a market cap of $3.74 billion, a PE ratio of 9.51, a price-to-earnings-growth ratio of 0.53 and a beta of 0.57. Transportadora De Gas Sa Ord B has a 1 year low of $20.36 and a 1 year high of $36.35. 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 firm has a 50-day moving average price of $28.73 and a 200-day moving average price of $30.30.

Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The company had revenue of $360.86 million during the quarter, compared to analysts’ expectations of $286.98 million. Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. Equities analysts anticipate that Transportadora De Gas Sa Ord B will post 2.71 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp grew its stake in shares of 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 during the last quarter. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at $210,000. Engineers Gate Manager LP raised its stake in Transportadora De Gas Sa Ord B by 49.6% during the 2nd quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after purchasing an additional 8,930 shares during the last quarter. ABS Direct Equity Fund LLC boosted its holdings in Transportadora De Gas Sa Ord B by 41.8% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,881 shares of the energy company’s stock valued at $2,557,000 after purchasing an additional 21,788 shares during the period. Finally, Systrade AG acquired a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter worth $743,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TGS. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Zacks Research cut 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. Finally, Weiss Ratings upgraded shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B has an average rating of “Hold” and a consensus target price of $39.00.

Check Out Our Latest Report on Transportadora De Gas Sa Ord B

Transportadora De Gas Sa Ord B Company Profile

(Get Free Report)

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine natural gas transportation and processing company. It operates the country’s southern gas transportation system, moving natural gas from producing regions to distribution companies, power generators, industrial users and other customers.

The company also provides midstream services, including gas gathering, conditioning, treatment and compression. Through its processing complex at General Cerri near Bahía Blanca, TGS extracts and commercializes natural gas liquids such as ethane, propane, butane and natural gasoline.

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