Transportadora De Gas Sa Ord B (NYSE:TGS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a hold rating to a buy rating in a research note published on Monday morning.

A number of other analysts have also recently commented on TGS. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Bank of America initiated coverage on 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. Finally, Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Down 2.1%

NYSE:TGS opened at $31.23 on Monday. 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 firm’s 50-day moving average price is $30.86 and its 200-day moving average price is $27.75. The company has a market capitalization of $4.70 billion, a PE ratio of 13.64, a P/E/G ratio of 1.34 and a beta of 0.81. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.06 by $0.50. The business had revenue of $309.14 million for the quarter, compared to analyst estimates of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. On average, equities analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors have recently modified their holdings of TGS. Helikon Investments Ltd bought a new stake in Transportadora De Gas Sa Ord B in the 3rd quarter worth about $60,929,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 acquiring an additional 137,032 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter worth approximately $25,900,000. Fundamenta Capital S.A. bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $18,565,000. Finally, Fourth Sail Capital LP raised its holdings in shares of Transportadora De Gas Sa Ord B by 37.1% during the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after purchasing an additional 68,465 shares during the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

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.