Transportadora De Gas Sa Ord B (NYSE:TGS) Reaches New 1-Year High – Time to Buy?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $33.83 and last traded at $33.51, with a volume of 359509 shares traded. The stock had previously closed at $32.04.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TGS. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Friday, December 26th. Bank of America assumed coverage on Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 target price for the company. Finally, Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Stock Up 4.6%

The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24. The business has a 50-day simple moving average of $30.62 and a two-hundred day simple moving average of $27.51. The stock has a market capitalization of $5.04 billion, a P/E ratio of 14.63, a PEG ratio of 1.30 and a beta of 0.82.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.50. The business had revenue of $309.14 million for the quarter, compared to analyst estimates of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. Equities research analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TGS. Fundamenta Capital S.A. bought a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $18,565,000. Lester Murray Antman dba SimplyRich increased its holdings in Transportadora De Gas Sa Ord B by 1.4% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock valued at $2,033,000 after purchasing an additional 902 shares during the last quarter. Systrade AG acquired a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at about $777,000. Crocodile Capital Partners GmbH bought a new position in Transportadora De Gas Sa Ord B during the fourth quarter worth about $777,000. Finally, Moneda S.A. Administradora General de Fondos acquired a new position in shares of Transportadora De Gas Sa Ord B during the 3rd quarter worth about $3,418,000. 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.