Transportadora De Gas Sa Ord B $TGS Shares Sold by Oaktree Capital Management LP

Oaktree Capital Management LP decreased its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 71.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,630 shares of the energy company’s stock after selling 346,976 shares during the period. Oaktree Capital Management LP owned 0.09% of Transportadora De Gas Sa Ord B worth $3,565,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in TGS. NewEdge Advisors LLC increased its position in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth about $488,000. Insigneo Advisory Services LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 84.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock worth $547,000 after purchasing an additional 9,687 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Transportadora De Gas Sa Ord B during the first quarter worth about $656,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth about $706,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $31.57 on Friday. The stock has a market capitalization of $4.75 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.60 and a beta of 0.79. The business’s fifty day moving average price is $26.79 and its 200 day moving average price is $26.90. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. Transportadora De Gas Sa Ord B has a 12-month low of $19.74 and a 12-month high of $34.37.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TGS. Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They set a “buy” rating and a $39.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.50.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.