Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.02 and traded as high as $31.66. Transportadora De Gas Sa Ord B shares last traded at $31.2160, with a volume of 158,420 shares trading hands.

Analyst Ratings Changes

TGS has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday. Bank of America began 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The stock has a 50-day moving average price of $29.48 and a 200-day moving average price of $27.05. The firm has a market capitalization of $4.69 billion, a PE ratio of 13.61, a price-to-earnings-growth ratio of 1.55 and a beta of 0.79.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50. 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 $309.14 million during the quarter, compared to analyst estimates of $359.08 million. On average, research analysts expect that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Helikon Investments Ltd acquired a new position in Transportadora De Gas Sa Ord B in the third quarter worth $60,929,000. Encompass Capital Advisors LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $25,900,000. Moneda S.A. Administradora General de Fondos bought a new stake in shares of Transportadora De Gas Sa Ord B during the 3rd quarter valued at about $3,418,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Transportadora De Gas Sa Ord B by 9.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after acquiring an additional 137,032 shares during the period. Finally, UBS Group AG raised its stake in 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 worth $2,852,000 after acquiring an additional 131,258 shares during the period. 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 (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.