Transportadora De Gas Sa Ord B (NYSE:TGS) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) issued its quarterly earnings data on Thursday. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18), Zacks reports. The business had revenue of $349.16 million during the quarter, compared to the consensus estimate of $337.23 million. Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%.

Transportadora De Gas Sa Ord B Trading Down 5.4%

NYSE:TGS opened at $23.67 on Friday. The company’s 50 day moving average is $27.31 and its 200-day moving average is $29.79. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. Transportadora De Gas Sa Ord B has a 12 month low of $23.00 and a 12 month high of $36.35. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 0.47 and a beta of 0.57.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TGS shares. Weiss Ratings upgraded Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.