Transportadora de Gas del Sur (NYSE:TGS) Rating Increased to Strong-Buy at Zacks Investment Research

Transportadora de Gas del Sur (NYSE:TGSGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, Zacks.com reports. The firm presently has a $8.25 price target on the energy company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 17.86% from the stock’s previous close.

According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “

A number of other brokerages have also commented on TGS. StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Sunday, April 3rd. TheStreet raised Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a report on Friday, March 11th.

Shares of TGS stock traded down $0.31 during trading hours on Wednesday, reaching $7.00. 610 shares of the company’s stock were exchanged, compared to its average volume of 140,380. Transportadora de Gas del Sur has a 1 year low of $4.05 and a 1 year high of $7.65. The stock has a market cap of $1.05 billion, a PE ratio of 5.38 and a beta of 0.54. The company has a current ratio of 1.75, a quick ratio of 1.69 and a debt-to-equity ratio of 0.43. The stock’s fifty day moving average price is $6.21 and its two-hundred day moving average price is $5.33.

Transportadora de Gas del Sur (NYSE:TGSGet Rating) last issued its earnings results on Tuesday, March 8th. The energy company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.23. The firm had revenue of $252.54 million for the quarter. Transportadora de Gas del Sur had a return on equity of 21.44% and a net margin of 27.43%. On average, equities analysts expect that Transportadora de Gas del Sur will post -0.3 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in Transportadora de Gas del Sur in the 4th quarter valued at $50,000. Envestnet Asset Management Inc. acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth $58,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth $118,000. Morgan Stanley increased its stake in shares of Transportadora de Gas del Sur by 27.4% in the 3rd quarter. Morgan Stanley now owns 27,432 shares of the energy company’s stock worth $135,000 after acquiring an additional 5,895 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth $124,000. Hedge funds and other institutional investors own 3.72% of the company’s stock.

Transportadora de Gas del Sur Company Profile (Get Rating)

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of pipeline system to distribution companies, power plants, and industrial customers.

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