Transportadora De Gas Sa Ord B (NYSE:TGS) Sets New 12-Month Low – What’s Next?

Transportadora De Gas Sa Ord B (NYSE:TGS) reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $22.19 and last traded at $22.3960, with a volume of 207,821 shares. The stock had previously closed at $23.25.

Analyst Ratings Changes

A number of research analysts have weighed in on TGS shares. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Zacks Research raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Price Performance

The stock has a market cap of $3.26 billion, a P/E ratio of 8.52, a PEG ratio of 0.46 and a beta of 0.58. The company has a 50 day simple moving average of $26.74 and a 200 day simple moving average of $29.63. The company has a current ratio of 3.11, a quick ratio of 3.10 and a debt-to-equity ratio of 0.43.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.18). Transportadora De Gas Sa Ord B had a return on equity of 14.29% and a net margin of 26.02%. The business had revenue of $349.16 million for the quarter, compared to the consensus estimate of $337.23 million. Sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position 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 acquiring an additional 890 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B during the first quarter valued at approximately $210,000. Systrade AG acquired a new position in Transportadora De Gas Sa Ord B during the second quarter valued at approximately $743,000. Engineers Gate Manager LP grew its stake in Transportadora De Gas Sa Ord B by 49.6% in the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after purchasing an additional 8,930 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Transportadora De Gas Sa Ord B in the second quarter valued at approximately $926,000. 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 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.