Transportadora De Gas Sa Ord B (NYSE:TGS) Receives $39.50 Average Price Target from Brokerages

Transportadora De Gas Sa Ord B (NYSE:TGS) has been given an average rating of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $39.50.

TGS has been the topic of a number of research analyst reports. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday. Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th.

Transportadora De Gas Sa Ord B Price Performance

TGS stock opened at $31.80 on Friday. The firm has a 50 day moving average of $30.10 and a 200-day moving average of $28.18. 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. The firm has a market capitalization of $4.79 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.32 and a beta of 0.84.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds have recently made changes to their positions in the business. Invesco Ltd. bought a new position in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $255,000. Vident Advisory LLC purchased a new stake in Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $234,000. XTX Topco Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $728,000. Uniplan Investment Counsel Inc. bought a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth approximately $205,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at approximately $313,000. 3.29% of the stock is currently owned by 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.