Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Up 8.6% – Here’s What Happened

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) shot up 8.6% on Thursday . The company traded as high as $33.48 and last traded at $33.3670. 95,590 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 310,999 shares. The stock had previously closed at $30.72.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TGS. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has an average rating of “Buy” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

The firm has a market cap of $4.98 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.16 and a beta of 0.61. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $31.05 and a 200 day moving average of $30.92.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The business had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. Equities research analysts predict that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several hedge funds have recently added to or reduced their stakes in TGS. Helikon Investments Ltd raised 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 purchasing an additional 386,015 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Transportadora De Gas Sa Ord B by 9.2% in 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 purchasing an additional 137,032 shares during the period. SPX Gestao de Recursos Ltda raised its stake in shares of Transportadora De Gas Sa Ord B by 108.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after purchasing an additional 628,438 shares during the period. Fundamenta Capital S.A. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at about $18,565,000. Finally, Banco BTG Pactual S.A. raised its stake in shares of Transportadora De Gas Sa Ord B by 143.2% in the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after purchasing an additional 118,357 shares during the period. Institutional investors and hedge funds 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.