Transportadora De Gas Sa Ord B (NYSE:TGS) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a research note released on Saturday morning.

A number of other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

TGS stock opened at $28.52 on Friday. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $36.35. The business has a 50-day moving average price of $29.79 and a 200 day moving average price of $30.57. The company has a market capitalization of $4.29 billion, a P/E ratio of 12.90, a PEG ratio of 0.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $360.86 million for the quarter, compared to the consensus estimate of $286.98 million. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. As a group, equities research analysts forecast that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of TGS. Fifth Third Bancorp grew its holdings in 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 worth $57,000 after purchasing an additional 890 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Transportadora De Gas Sa Ord B by 536.6% during the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after purchasing an additional 3,665 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the 1st quarter valued at $210,000. Uniplan Investment Counsel Inc. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter valued at $205,000. Finally, Vident Advisory LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth $234,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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.