Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Transportadora De Gas Sa Ord B (NYSE:TGS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $30.81 and traded as high as $31.85. Transportadora De Gas Sa Ord B shares last traded at $31.1250, with a volume of 159,613 shares changing hands.

Wall Street Analysts Forecast Growth

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

Transportadora De Gas Sa Ord B Trading Down 2.0%

The business’s 50-day moving average is $30.53 and its two-hundred day moving average is $30.82. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $4.43 billion, a PE ratio of 13.32, a PEG ratio of 0.58 and a beta of 0.63.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 EPS for the quarter. The firm had revenue of $360.86 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%. On average, analysts predict that Transportadora De Gas Sa Ord B will post 2.84 earnings per share for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth about $926,000. Systrade AG acquired a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at approximately $743,000. ABS Direct Equity Fund LLC grew its stake in Transportadora De Gas Sa Ord B by 41.8% during the 1st quarter. ABS Direct Equity Fund LLC now owns 73,881 shares of the energy company’s stock valued at $2,557,000 after purchasing an additional 21,788 shares in the last quarter. Fifth Third Bancorp increased its holdings in Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after purchasing an additional 890 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $210,000. 3.29% of the stock is owned by hedge funds and other 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.