Transportadora De Gas Sa Ord B (NYSE:TGS) Trading Up 8.6% – Here’s Why

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) were up 8.6% during mid-day trading on Thursday . The company traded as high as $33.48 and last traded at $33.3670. Approximately 95,590 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 310,999 shares. The stock had previously closed at $30.72.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TGS shares. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Up 9.2%

The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61. The firm has a 50-day moving average price of $31.11 and a two-hundred day moving average price of $30.88.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The business had revenue of $326.20 million for the quarter. On average, sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TGS. Fifth Third Bancorp increased its position in Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after buying an additional 890 shares during the period. Van ECK Associates Corp increased its position in 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 buying an additional 3,665 shares during the period. BNP Paribas Financial Markets increased its position in Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after buying an additional 7,646 shares during the period. Uniplan Investment Counsel Inc. acquired a new position in Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B during the first quarter worth approximately $210,000. Institutional investors and hedge funds 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.