Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Zacks Research to Hold

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

TGS has been the topic of several other reports. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Monday, June 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Finally, Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Down 1.0%

Shares of NYSE TGS opened at $29.71 on Monday. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-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. The business has a fifty day moving average of $30.49 and a two-hundred day moving average of $30.91. The stock has a market cap of $4.47 billion, a PE ratio of 13.44, a PEG ratio of 1.04 and a beta of 0.61.

Institutional Trading of Transportadora De Gas Sa Ord B

Several hedge funds have recently modified their holdings of TGS. Fifth Third Bancorp increased its holdings in shares of Transportadora De Gas Sa Ord B by 116.0% in the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after purchasing an additional 890 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Transportadora De Gas Sa Ord B by 536.6% during the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after buying an additional 3,665 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Transportadora De Gas Sa Ord B by 1,027.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after buying an additional 7,646 shares during the last quarter. Uniplan Investment Counsel Inc. bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at $205,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 1st quarter valued at $210,000. 3.29% of the stock is 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.