Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.22 and traded as high as $31.09. Transportadora De Gas Sa Ord B shares last traded at $29.7050, with a volume of 301,615 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Friday, December 26th. Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 price target for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.29 and a beta of 0.82. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average is $30.70 and its two-hundred day moving average is $27.22.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.50. The firm had revenue of $309.14 million during the quarter, compared to analysts’ expectations of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. 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

A number of hedge funds have recently bought and sold shares of TGS. BNP Paribas Financial Markets raised its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% in the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after buying an additional 7,646 shares in the last quarter. NewEdge Advisors LLC increased its stake in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after acquiring an additional 2,725 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Transportadora De Gas Sa Ord B in the 2nd quarter valued at $488,000. Insigneo Advisory Services LLC lifted its position in shares of Transportadora De Gas Sa Ord B by 84.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock valued at $547,000 after acquiring an additional 9,687 shares during the period. Finally, Hsbc Holdings PLC bought a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter valued at $706,000. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.