Transportadora De Gas Sa Ord B (NYSE:TGS) Announces Earnings Results, Beats Estimates By $0.16 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) announced its quarterly earnings data on Wednesday. The energy company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.16, reports. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%.The firm had revenue of $390.75 million during the quarter, compared to analyst estimates of $339.75 million.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS stock opened at $34.08 on Thursday. The company has a market cap of $5.13 billion, a P/E ratio of 14.96, a PEG ratio of 1.13 and a beta of 0.84. The business has a 50 day moving average of $30.54 and a two-hundred day moving average of $28.45. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $35.00. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $39.50.

Institutional Trading of Transportadora De Gas Sa Ord B

Hedge funds have recently made changes to their positions in the stock. Jump Financial LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at $600,000. State of Wisconsin Investment Board bought a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $1,005,000. Itau Unibanco Holding S.A. acquired a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at $1,516,000. UBS Group AG increased its holdings in shares of Transportadora De Gas Sa Ord B by 2,997.4% during the third quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock valued at $2,852,000 after purchasing an additional 131,258 shares during the period. Finally, Mackenzie Financial Corp raised its stake in shares of Transportadora De Gas Sa Ord B by 167.1% during the third quarter. Mackenzie Financial Corp now owns 127,390 shares of the energy company’s stock valued at $2,679,000 after purchasing an additional 79,690 shares in the last quarter. Institutional investors own 3.29% of the company’s stock.

About Transportadora De Gas Sa Ord B

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.