Ping Capital Management Inc. Buys 44,200 Shares of Transportadora De Gas Sa Ord B $TGS

Ping Capital Management Inc. grew its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS) by 75.6% during the third quarter, HoldingsChannel.com reports. The fund owned 102,700 shares of the energy company’s stock after buying an additional 44,200 shares during the quarter. Transportadora De Gas Sa Ord B accounts for about 0.7% of Ping Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Ping Capital Management Inc.’s holdings in Transportadora De Gas Sa Ord B were worth $2,160,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its position in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares during the period. JPMorgan Chase & Co. grew its position in Transportadora De Gas Sa Ord B by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after purchasing an additional 4,347 shares during the period. ABS Direct Equity Fund LLC raised its stake in Transportadora De Gas Sa Ord B by 10.2% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock valued at $1,804,000 after buying an additional 6,458 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings 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 valued at $547,000 after buying an additional 9,687 shares during the period. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Transportadora De Gas Sa Ord B by 77.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock valued at $770,000 after buying an additional 12,965 shares during the period. 3.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on TGS. 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 initiated coverage on Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They issued a “buy” rating and a $39.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

NYSE:TGS opened at $30.97 on Friday. The stock has a 50-day simple moving average of $30.57 and a two-hundred day simple moving average of $27.46. Transportadora De Gas Sa Ord B has a 52-week low of $19.74 and a 52-week high of $33.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. The firm has a market capitalization of $4.66 billion, a PE ratio of 13.52, a P/E/G ratio of 1.30 and a beta of 0.82.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 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 the consensus estimate of $359.08 million. Analysts forecast that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

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.