Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.
Other equities analysts also recently issued research reports about the stock. 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, September 28th. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B presently has a consensus rating of “Hold” and a consensus price target of $39.00.
View Our Latest Stock Report on Transportadora De Gas Sa Ord B
Transportadora De Gas Sa Ord B Price Performance
Transportadora De Gas Sa Ord B stock opened at $26.14 on Friday. 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 business has a 50 day simple moving average of $27.83 and a 200-day simple moving average of $29.76. Transportadora De Gas Sa Ord B has a 12 month low of $21.11 and a 12 month high of $36.35. The stock has a market capitalization of $3.94 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.53 and a beta of 0.57.
Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The company had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. Equities analysts predict that Transportadora De Gas Sa Ord B will post 2.71 earnings per share for the current year.
Hedge Funds Weigh In On Transportadora De Gas Sa Ord B
A number of large investors have recently modified their holdings of the business. ABS Direct Equity Fund LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 69.0% in the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after buying an additional 50,980 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in Transportadora De Gas Sa Ord B during the second quarter worth $1,531,000. Arlington Capital Management Inc. acquired a new position in Transportadora De Gas Sa Ord B during the second quarter worth $3,962,000. FNY Investment Advisers LLC acquired a new position in Transportadora De Gas Sa Ord B during the second quarter worth $926,000. Finally, Systrade AG purchased a new position in Transportadora De Gas Sa Ord B in the second quarter worth $743,000. 3.29% of the stock is owned by hedge funds and other institutional investors.
Transportadora De Gas Sa Ord B Company Profile
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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