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

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

TGS has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Bank of America initiated coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 target price for the company. Finally, Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 3.3%

NYSE TGS opened at $32.02 on Friday. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $33.70. The stock has a market capitalization of $4.82 billion, a P/E ratio of 13.98, a PEG ratio of 1.30 and a beta of 0.82. The firm’s 50-day moving average is $30.62 and its two-hundred day moving average is $27.51. 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 (NYSE:TGS) last posted its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $359.08 million. On average, sell-side analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

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