Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Transportadora De Gas Sa Ord B (NYSE:TGS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.86 and traded as high as $32.68. Transportadora De Gas Sa Ord B shares last traded at $31.9950, with a volume of 246,602 shares changing hands.

Wall Street Analyst Weigh In

TGS has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Wednesday, October 8th. Bank of America began coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 3.7%

The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. The business’s 50-day simple moving average is $26.61 and its two-hundred day simple moving average is $26.86. The company has a market capitalization of $4.82 billion, a PE ratio of 13.97, a PEG ratio of 1.54 and a beta of 0.79.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The business had revenue of $309.14 million for the quarter, compared to analyst estimates of $359.08 million. On average, analysts predict that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors have recently made changes to their positions in TGS. Helikon Investments Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $60,929,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Transportadora De Gas Sa Ord B by 9.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after buying an additional 137,032 shares in the last quarter. Encompass Capital Advisors LLC bought a new stake in Transportadora De Gas Sa Ord B during the second quarter worth approximately $25,900,000. Fourth Sail Capital LP grew its position in Transportadora De Gas Sa Ord B by 37.1% in the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock worth $6,557,000 after buying an additional 68,465 shares during the last quarter. Finally, Banco BTG Pactual S.A. increased its holdings in shares of Transportadora De Gas Sa Ord B by 143.2% in the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after buying an additional 118,357 shares in the last quarter. 3.29% of the stock is owned by institutional investors.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.