Transportadora De Gas Sa Ord B (NYSE:TGS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Transportadora De Gas Sa Ord B (NYSE:TGS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $27.88 and traded as high as $30.09. Transportadora De Gas Sa Ord B shares last traded at $29.68, with a volume of 211,142 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TGS. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Monday, February 2nd. Bank of America began coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Finally, Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 0.9%

The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $30.79 and a two-hundred day simple moving average of $27.88. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 1.23 and a beta of 0.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Helikon Investments Ltd boosted its stake in shares of Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after purchasing an additional 386,015 shares in the last quarter. ABS Direct Equity Fund LLC bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $1,620,000. OLD National Bancorp IN bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $277,000. Fundamenta Capital S.A. acquired a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $18,565,000. Finally, Lester Murray Antman dba SimplyRich grew its stake in Transportadora De Gas Sa Ord B by 1.4% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock worth $2,033,000 after buying an additional 902 shares during the last quarter. 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.