Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
A number of other research analysts also recently weighed in on TGS. Weiss Ratings raised Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B presently has a consensus rating of “Buy”.
Check Out Our Latest Report on Transportadora De Gas Sa Ord B
Transportadora De Gas Sa Ord B Price Performance
Shares of NYSE TGS opened at $23.67 on Friday. Transportadora De Gas Sa Ord B has a 52-week low of $23.00 and a 52-week high of $36.35. The firm has a fifty day moving average of $27.31 and a 200-day moving average of $29.79. The stock has a market capitalization of $3.56 billion, a PE ratio of 9.32, a P/E/G ratio of 0.50 and a beta of 0.58. The company has a quick ratio of 3.10, a current ratio of 3.11 and a debt-to-equity ratio of 0.43.
Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.18). The business had revenue of $349.16 million for the quarter, compared to analyst estimates of $337.23 million. Transportadora De Gas Sa Ord B had a return on equity of 14.29% and a net margin of 26.02%. On average, analysts anticipate that Transportadora De Gas Sa Ord B will post 2.62 EPS for the current year.
Institutional Investors Weigh In On Transportadora De Gas Sa Ord B
Institutional investors have recently modified their holdings of the stock. Arlington Capital Management Inc. purchased a new position in shares of Transportadora De Gas Sa Ord B in the second quarter worth $3,962,000. Absolute Gestao de Investimentos Ltda. purchased a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter worth about $1,531,000. ABS Direct Equity Fund LLC lifted its stake in Transportadora De Gas Sa Ord B by 69.0% during the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock worth $3,712,000 after purchasing an additional 50,980 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Transportadora De Gas Sa Ord B during the second quarter worth approximately $926,000. Finally, Systrade AG purchased a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at approximately $743,000. 3.29% of the stock is owned by institutional investors.
About Transportadora De Gas Sa Ord B
Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.
The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.
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