Transportadora De Gas Sa Ord B (NYSE:TGS) Receives Average Recommendation of “Moderate Buy” from Analysts

Transportadora De Gas Sa Ord B (NYSE:TGS) has been given an average rating of “Moderate Buy” by the five analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.50.

A number of research firms have recently weighed in on TGS. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday. Bank of America started coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in shares of 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 valued at $135,000 after acquiring an additional 3,665 shares during the period. BNP Paribas Financial Markets lifted its position in Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd 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 in the last quarter. OLD National Bancorp IN bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth about $277,000. Schonfeld Strategic Advisors LLC acquired a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $313,000. Finally, NewEdge Advisors LLC raised its stake in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after acquiring an additional 2,725 shares during the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Trading Down 2.4%

NYSE TGS opened at $28.72 on Wednesday. The firm’s 50 day moving average price is $30.58 and its two-hundred day moving average price is $27.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $34.10. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 1.23 and a beta of 0.81.

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.