Transportadora De Gas Sa Ord B (NYSE:TGS) Posts Quarterly Earnings Results

Transportadora De Gas Sa Ord B (NYSE:TGS) posted its quarterly earnings results on Monday. The energy company reported $0.60 EPS for the quarter, FiscalAI reports. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The firm had revenue of $360.86 million during the quarter.

Transportadora De Gas Sa Ord B Trading Down 3.4%

TGS stock traded down $1.06 during trading on Tuesday, reaching $30.04. 31,061 shares of the stock traded hands, compared to its average volume of 294,902. The firm has a market capitalization of $4.52 billion, a PE ratio of 13.60, a P/E/G ratio of 0.60 and a beta of 0.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The business’s 50 day moving average price is $30.51 and its 200-day moving average price is $30.81. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $36.35.

Wall Street Analysts Forecast Growth

TGS has been the subject of a number of recent research reports. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Transportadora De Gas Sa Ord B currently has a consensus rating of “Hold” and an average price target of $39.00.

Institutional Trading of Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp lifted its position in Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 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 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 during the period. BNP Paribas Financial Markets lifted its holdings in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after acquiring an additional 7,646 shares in the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $205,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B during the 1st quarter worth $210,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

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.