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 report report published on Saturday.

A number of other analysts have also recently commented on TGS. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Transportadora De Gas Sa Ord B presently has a consensus rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE TGS opened at $28.83 on Friday. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $33.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. The company has a market cap of $4.34 billion, a PE ratio of 12.59, a P/E/G ratio of 1.21 and a beta of 0.82. The business has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $27.36.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. The company had revenue of $309.14 million during the quarter, compared to analysts’ expectations of $359.08 million. As a group, equities analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after acquiring an additional 2,725 shares during the last quarter. Ping Capital Management Inc. raised its holdings in shares of Transportadora De Gas Sa Ord B by 7.9% in the second quarter. Ping Capital Management Inc. now owns 58,500 shares of the energy company’s stock valued at $1,515,000 after buying an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Transportadora De Gas Sa Ord B by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after acquiring an additional 4,347 shares during the period. ABS Direct Equity Fund LLC grew its position in Transportadora De Gas Sa Ord B by 10.2% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock valued at $1,804,000 after buying an additional 6,458 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its stake in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after acquiring an additional 7,646 shares during the period. 3.29% of the stock is currently 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 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.