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

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

Several other equities research analysts also recently weighed in on the stock. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B presently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 0.5%

NYSE TGS opened at $30.79 on Friday. The firm has a market capitalization of $4.64 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The business’s 50-day moving average price is $30.06 and its two-hundred day moving average price is $28.12. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $34.10.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TGS. Lester Murray Antman dba SimplyRich raised its holdings in shares of Transportadora De Gas Sa Ord B by 1.4% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock worth $2,033,000 after acquiring an additional 902 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after purchasing an additional 3,665 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after purchasing an additional 4,347 shares during the last quarter. Finally, Uniplan Investment Counsel Inc. bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $205,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

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.