Transportadora De Gas Sa Ord B (NYSE:TGS) Receives Average Recommendation of “Buy” from Analysts

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) have been assigned an average recommendation of “Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $39.50.

Several brokerages have issued reports on TGS. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. Bank of America assumed coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th.

Transportadora De Gas Sa Ord B Stock Up 0.5%

Shares of NYSE:TGS opened at $30.97 on Friday. The firm has a market capitalization of $4.66 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 1.29 and a beta of 0.82. 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 52-week low of $19.74 and a 52-week high of $33.70. The firm has a fifty day moving average of $30.57 and a 200 day moving average of $27.46.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly 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. The firm had revenue of $309.14 million during the quarter, compared to analyst estimates 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%. As a group, research analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

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