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

Transportadora De Gas Sa Ord B (NYSE:TGS) has earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $39.50.

A number of brokerages have weighed in on TGS. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a 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 report on Sunday, March 15th.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors have recently made changes to their positions in TGS. Van ECK Associates Corp grew its holdings in shares of Transportadora De Gas Sa Ord B by 536.6% during the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after buying an additional 3,665 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Transportadora De Gas Sa Ord B by 1,027.7% during 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 during the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at approximately $205,000. Vident Advisory LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at approximately $234,000. Finally, Invesco Ltd. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at approximately $255,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Price Performance

Shares of TGS opened at $33.04 on Thursday. The stock has a market cap of $4.97 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 1.23 and a beta of 0.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $36.35. The firm’s 50-day simple moving average is $31.35 and its two-hundred day simple moving average is $29.49.

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

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.