Transportadora De Gas Sa Ord B (NYSE:TGS) Sets New 1-Year Low – Should You Sell?

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) hit a new 52-week low during trading on Wednesday. The company traded as low as $21.33 and last traded at $21.2480, with a volume of 191,250 shares traded. The stock had previously closed at $21.55.

Analysts Set New Price Targets

TGS has been the subject of several recent research reports. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Finally, Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Price Performance

The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 0.45 and a beta of 0.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.10 and a current ratio of 3.11. The company has a 50-day simple moving average of $26.46 and a two-hundred day simple moving average of $29.54.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings data on Thursday, October 29th. The energy company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.18). Transportadora De Gas Sa Ord B had a net margin of 26.02% and a return on equity of 14.29%. The company had revenue of $349.16 million during the quarter, compared to analyst estimates of $337.23 million. As a group, equities research analysts forecast that Transportadora De Gas Sa Ord B will post 2.62 EPS for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of large investors have recently added to or reduced their stakes in the company. ABS Direct Equity Fund LLC grew its position in shares of Transportadora De Gas Sa Ord B by 69.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after acquiring an additional 50,980 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth about $1,531,000. Arlington Capital Management Inc. acquired a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth about $3,962,000. FNY Investment Advisers LLC bought a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $926,000. Finally, Systrade AG bought a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $743,000. 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 S.A. (TGS) is an Argentine energy infrastructure company that transports natural gas and provides related processing and midstream services. Its pipeline network carries gas from producing regions in southern and central Argentina to consumers and distribution systems, including markets around Buenos Aires. TGS also processes natural gas and produces natural gas liquids, including ethane, propane, butane and gasoline, for domestic and export markets. Its services include gas treatment, gathering and other infrastructure work for energy producers, including in the Vaca Muerta region.