Transportadora De Gas Sa Ord B (NYSE:TGS) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts 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 note on Wednesday, October 21st. Weiss Ratings upgraded Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. One equities research 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Trading Down 3.1%

TGS opened at $22.94 on Friday. The firm’s fifty day moving average is $27.20 and its two-hundred day moving average is $29.76. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm has a market cap of $3.45 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 0.51 and a beta of 0.57. Transportadora De Gas Sa Ord B has a twelve month low of $22.77 and a twelve month high of $36.35.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings results on Thursday, October 29th. The energy company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The firm had revenue of $349.16 million for the quarter, compared to the consensus estimate of $337.23 million. Equities research analysts anticipate 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

Several hedge funds have recently bought and sold shares of TGS. ABS Direct Equity Fund LLC boosted its holdings in shares of Transportadora De Gas Sa Ord B by 69.0% in the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after buying an additional 50,980 shares during the period. Arlington Capital Management Inc. bought a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $3,962,000. Engineers Gate Manager LP raised its holdings in shares of Transportadora De Gas Sa Ord B by 49.6% during the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after acquiring an additional 8,930 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $1,531,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $926,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

About Transportadora De Gas Sa Ord B

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.