Transportadora De Gas Sa Ord B (NYSE:TGS) Announces Quarterly Earnings Results, Beats Estimates By $0.50 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) posted its quarterly earnings data on Monday. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50, Zacks reports. The business had revenue of $316.00 million during the quarter, compared to analysts’ expectations of $359.08 million. Transportadora De Gas Sa Ord B had a return on equity of 12.12% and a net margin of 26.09%.

Transportadora De Gas Sa Ord B Stock Down 2.5%

Shares of TGS traded down $0.76 during mid-day trading on Tuesday, reaching $29.74. The company’s stock had a trading volume of 178,684 shares, compared to its average volume of 417,170. Transportadora De Gas Sa Ord B has a 12-month low of $19.74 and a 12-month high of $34.37. The stock has a market cap of $4.48 billion, a PE ratio of 14.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. The company’s 50 day moving average is $23.87 and its 200 day moving average is $26.40.

Analysts Set New Price Targets

TGS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Wednesday, October 8th. Bank of America assumed coverage on Transportadora De Gas Sa Ord B in a research note on Friday. They issued a “buy” rating and a $39.00 price target on the stock. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its stake in Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares in the last quarter. NewEdge Advisors LLC increased its position in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after buying an additional 2,725 shares in the last quarter. JPMorgan Chase & Co. increased its position in Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after buying an additional 4,347 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Transportadora De Gas Sa Ord B by 11.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock worth $4,723,000 after buying an additional 18,009 shares in the last quarter. Finally, Marshall Wace LLP increased its position in Transportadora De Gas Sa Ord B by 22.4% during the second quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock worth $3,048,000 after buying an additional 21,520 shares in the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.