Transportadora De Gas Sa Ord B (NYSE:TGS) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also commented on TGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. 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 on the stock. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE:TGS opened at $32.87 on Monday. 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 stock has a market cap of $4.95 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.40 and a beta of 0.82. The stock’s fifty day simple moving average is $30.72 and its two-hundred day simple moving average is $27.60. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10.

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, topping the consensus estimate of $0.06 by $0.50. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. The firm had revenue of $309.14 million during the quarter, compared to analyst estimates of $359.08 million. As a group, analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after purchasing an additional 7,646 shares during the last quarter. OLD National Bancorp IN bought a new position in Transportadora De Gas Sa Ord B during the fourth quarter valued at $277,000. NewEdge Advisors LLC grew its holdings in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Transportadora De Gas Sa Ord B in the second quarter worth $488,000. Finally, Insigneo Advisory Services LLC raised its stake in shares of Transportadora De Gas Sa Ord B by 84.7% in the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock valued at $547,000 after buying an additional 9,687 shares during the period. 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.