Wall Street Zen Upgrades Transportadora De Gas Sa Ord B (NYSE:TGS) to Buy

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

A number of other brokerages also recently issued reports on TGS. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 1.4%

Shares of NYSE TGS opened at $28.97 on Friday. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $34.10. The business has a 50-day simple moving average of $30.12 and a two-hundred day simple moving average of $28.01. 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 company has a market cap of $4.36 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.22 and a beta of 0.84.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors have recently added to or reduced their stakes in TGS. Van ECK Associates Corp raised its holdings in shares of Transportadora De Gas Sa Ord B by 536.6% in 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. purchased a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $205,000. Vident Advisory LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $234,000. Invesco Ltd. bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth approximately $255,000. Finally, BNP Paribas Financial Markets increased its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% in the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after purchasing an additional 7,646 shares during the last quarter. 3.29% of the stock is currently 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.