Brokerages Set Transportadora De Gas Sa Ord B (NYSE:TGS) Price Target at $39.50

Transportadora De Gas Sa Ord B (NYSE:TGS) has been given an average recommendation of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $39.50.

A number of research firms have recently weighed in on TGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Bank of America assumed coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 price target on the stock. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Finally, Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE TGS opened at $30.39 on Wednesday. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10. 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 firm has a market cap of $4.58 billion, a P/E ratio of 13.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.81. The business’s 50 day moving average is $30.46 and its 200-day moving average is $27.96.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Institutional investors have recently added to or reduced their stakes in the business. Fourth Sail Capital LP increased its stake in Transportadora De Gas Sa Ord B by 37.1% during the 2nd quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after purchasing an additional 68,465 shares in the last quarter. Banco BTG Pactual S.A. acquired a new position in shares of Transportadora De Gas Sa Ord B during the second quarter valued at about $2,141,000. Ping Capital Management Inc. grew its holdings in shares of Transportadora De Gas Sa Ord B by 75.6% during the third quarter. Ping Capital Management Inc. now owns 102,700 shares of the energy company’s stock valued at $2,160,000 after buying an additional 44,200 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth about $488,000. Finally, Encompass Capital Advisors LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth about $25,900,000. 3.29% of the stock is owned by institutional investors and hedge funds.

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.