Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.22 and traded as high as $35.71. Transportadora De Gas Sa Ord B shares last traded at $34.6110, with a volume of 333,190 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, March 15th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

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 capitalization of $5.21 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.31 and a beta of 0.76. The company has a 50-day moving average of $31.29 and a 200-day moving average of $29.22.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.05% and a net margin of 24.28%. On average, equities research analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after acquiring an additional 3,665 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth $205,000. Vident Advisory LLC bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth $234,000. Invesco Ltd. bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth $255,000. Finally, BNP Paribas Financial Markets grew its stake in 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 buying an additional 7,646 shares during the last quarter. 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.