Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to Hold

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 published on Saturday morning,Wall Street Zen reports.

Several other research firms have also weighed in on TGS. Weiss Ratings raised 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 upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Transportadora De Gas Sa Ord B Stock Down 5.4%

Shares of NYSE TGS opened at $23.67 on Friday. The firm’s 50-day simple moving average is $27.31 and its 200 day simple moving average is $29.79. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.47 and a beta of 0.57. 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.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its earnings results on Thursday, October 29th. The energy company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). The company 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%. On average, research analysts expect that Transportadora De Gas Sa Ord B will post 2.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. ABS Direct Equity Fund LLC raised its stake in Transportadora De Gas Sa Ord B by 69.0% in the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after buying an additional 50,980 shares during the period. Absolute Gestao de Investimentos Ltda. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter valued at approximately $1,531,000. Arlington Capital Management Inc. bought a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $3,962,000. FNY Investment Advisers LLC bought a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $926,000. Finally, Systrade AG bought a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $743,000. 3.29% of the stock is currently 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.