Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Gap Up – Should You Buy?

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) gapped up before the market opened on Tuesday . The stock had previously closed at $28.40, but opened at $29.74. Transportadora De Gas Sa Ord B shares last traded at $29.76, with a volume of 6,947 shares.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TGS. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Monday, June 22nd. Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Finally, Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 1.05 and a beta of 0.63. The company has a fifty day moving average of $30.28 and a two-hundred day moving average of $30.81. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Helikon Investments Ltd raised its stake in Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock worth $102,077,000 after purchasing an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after purchasing an additional 137,032 shares in the last quarter. SPX Gestao de Recursos Ltda increased its holdings in shares of Transportadora De Gas Sa Ord B by 108.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock worth $37,520,000 after purchasing an additional 628,438 shares during the period. Fundamenta Capital S.A. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $18,565,000. Finally, Banco BTG Pactual S.A. raised its position in shares of Transportadora De Gas Sa Ord B by 143.2% in the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after buying an additional 118,357 shares in the last quarter. 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.