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

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

A number of other research firms have also issued reports on TGS. Bank of America initiated coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 target price for the company. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS opened at $30.97 on Friday. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $33.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The stock has a fifty day moving average price of $30.57 and a 200 day moving average price of $27.46. The company has a market cap of $4.66 billion, a P/E ratio of 13.52, a PEG ratio of 1.30 and a beta of 0.82.

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

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently modified their holdings of the stock. Helikon Investments Ltd purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 3rd quarter valued at approximately $60,929,000. Encompass Capital Advisors LLC purchased a new position in Transportadora De Gas Sa Ord B during the 2nd quarter valued at about $25,900,000. Moneda S.A. Administradora General de Fondos acquired a new position in shares of Transportadora De Gas Sa Ord B in the 3rd quarter valued at about $3,418,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Transportadora De Gas Sa Ord B by 9.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after purchasing an additional 137,032 shares during the period. Finally, UBS Group AG lifted its position in shares of Transportadora De Gas Sa Ord B by 2,997.4% in the third quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock worth $2,852,000 after purchasing an additional 131,258 shares in the last quarter. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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.