Transportadora De Gas Sa Ord B (NYSE:TGS) Lowered to Hold Rating by Wall Street Zen

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Finally, Bank of America started coverage on Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They issued a “buy” rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 1.6%

TGS stock opened at $29.37 on Friday. The company’s 50 day simple moving average is $30.67 and its 200-day simple moving average is $27.94. The firm has a market capitalization of $4.42 billion, a PE ratio of 12.83, a P/E/G ratio of 1.21 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $34.10.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda raised its stake in shares of Transportadora De Gas Sa Ord B by 108.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after purchasing an additional 628,438 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $1,516,000. Van ECK Associates Corp raised its stake in 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 in the last quarter. CI Investments Inc. bought a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $5,083,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Transportadora De Gas Sa Ord B by 174.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 180,256 shares of the energy company’s stock worth $5,604,000 after buying an additional 114,588 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

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.