Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Raised to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a hold rating to a strong-buy rating in a report published on Wednesday,Zacks reports.

Several other equities research analysts also recently weighed in on the company. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Weiss Ratings upgraded Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, 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 Stock Down 0.6%

Transportadora De Gas Sa Ord B stock opened at $25.93 on Wednesday. Transportadora De Gas Sa Ord B has a twelve month low of $22.12 and a twelve month high of $36.35. The stock’s fifty day simple moving average is $27.64 and its 200-day simple moving average is $29.50. 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 firm has a market capitalization of $3.90 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.52 and a beta of 0.57.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. The company had revenue of $360.86 million during the quarter, compared to analyst estimates of $286.98 million. As a group, equities analysts expect that Transportadora De Gas Sa Ord B will post 2.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently modified their holdings of the company. Arlington Capital Management Inc. acquired a new position in Transportadora De Gas Sa Ord B in the second quarter valued at approximately $3,962,000. ABS Direct Equity Fund LLC raised its holdings 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 in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth approximately $1,531,000. FNY Investment Advisers LLC acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth approximately $926,000. Finally, Engineers Gate Manager LP lifted its position in shares of Transportadora De Gas Sa Ord B by 49.6% during the 2nd quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after buying an additional 8,930 shares during the last quarter. Institutional investors and hedge funds 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 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.