Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Gap Up – Still a Buy?

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) gapped up before the market opened on Tuesday . The stock had previously closed at $28.40, but opened at $29.74. Transportadora De Gas Sa Ord B shares last traded at $29.76, with a volume of 6,947 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently commented on TGS shares. Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Finally, Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Hold” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The company has a market cap of $4.43 billion, a PE ratio of 13.33, a P/E/G ratio of 0.99 and a beta of 0.63. The company has a 50-day moving average price of $30.31 and a two-hundred day moving average price of $30.83.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently bought and sold shares of TGS. Millennium Management LLC grew its position in Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after acquiring an additional 127,702 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Transportadora De Gas Sa Ord B by 11.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock valued at $4,723,000 after purchasing an additional 18,009 shares during the period. Finally, Marshall Wace LLP grew its holdings in Transportadora De Gas Sa Ord B by 22.4% during the 2nd quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock valued at $3,048,000 after purchasing an additional 21,520 shares in the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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.