Transportadora De Gas Sa Ord B (NYSE:TGS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $39.50.

A number of brokerages have weighed in on TGS. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday, March 15th.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently modified their holdings of the company. Ping Capital Management Inc. boosted its holdings in shares of Transportadora De Gas Sa Ord B by 75.6% during the 3rd quarter. Ping Capital Management Inc. now owns 102,700 shares of the energy company’s stock valued at $2,160,000 after acquiring an additional 44,200 shares in the last quarter. Helikon Investments Ltd acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 3rd quarter valued at $60,929,000. Fundamenta Capital S.A. acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $18,565,000. Moneda S.A. Administradora General de Fondos acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 3rd quarter valued at $3,418,000. Finally, ABS Direct Equity Fund LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $1,620,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Trading Up 0.2%

Shares of TGS stock opened at $29.40 on Monday. The stock’s fifty day moving average price is $31.72 and its two-hundred day moving average price is $30.63. The company has a market cap of $4.43 billion, a PE ratio of 13.30, a P/E/G ratio of 1.02 and a beta of 0.63. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $36.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. The firm had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. Equities analysts predict that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current fiscal year.

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.