Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.
Separately, Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $39.50.
View Our Latest Analysis on TGS
Transportadora De Gas Sa Ord B Trading Down 1.4%
Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 EPS 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%. On average, research analysts predict that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Transportadora De Gas Sa Ord B
Several large investors have recently made changes to their positions in the company. Helikon Investments Ltd grew its stake 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 buying an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Transportadora De Gas Sa Ord B by 9.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after purchasing an additional 137,032 shares during the period. SPX Gestao de Recursos Ltda boosted its position in Transportadora De Gas Sa Ord B by 108.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock worth $37,520,000 after purchasing an additional 628,438 shares during the period. Fundamenta Capital S.A. bought a new stake in Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $18,565,000. Finally, Banco BTG Pactual S.A. boosted its position in Transportadora De Gas Sa Ord B by 143.2% during the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock worth $4,227,000 after purchasing an additional 118,357 shares during the period. Institutional investors own 3.29% of the company’s stock.
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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