Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Sees Heavy Put Option Buying

Transportadora De Gas Sa Ord B (NYSE:TGS) was the target of unusually large options trading on Wednesday. Stock traders acquired 3,900 put options on the stock. This is an increase of 1,626% compared to the average daily volume of 226 put options.

Transportadora De Gas Sa Ord B Trading Up 0.4%

Transportadora De Gas Sa Ord B stock traded up $0.11 during trading hours on Wednesday, hitting $25.84. The stock had a trading volume of 47,228 shares, compared to its average volume of 280,614. The business’s 50 day simple moving average is $28.97 and its 200-day simple moving average is $30.37. Transportadora De Gas Sa Ord B has a one year low of $20.00 and a one year high of $36.35. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 9.90, a P/E/G ratio of 0.53 and a beta of 0.59. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%.The firm had revenue of $360.86 million for the quarter, compared to the consensus estimate of $286.98 million. On average, equities analysts predict that Transportadora De Gas Sa Ord B will post 2.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on TGS shares. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Finally, Weiss Ratings upgraded shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of “Hold” and an average target price of $39.00.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp increased its position in shares of Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after buying an additional 890 shares during the period. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B in the first quarter valued at $210,000. Systrade AG bought a new stake in Transportadora De Gas Sa Ord B during the second quarter valued at $743,000. Engineers Gate Manager LP boosted its position in Transportadora De Gas Sa Ord B by 49.6% during the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after acquiring an additional 8,930 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter worth about $926,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (TGS) is an Argentine energy infrastructure company engaged primarily in the transportation of natural gas. It operates one of the country’s largest gas pipeline systems, moving natural gas from producing regions in southern and western Argentina to distribution companies, power generators, industrial customers and other users.

In addition to pipeline transportation, TGS processes natural gas and produces and markets natural gas liquids, including propane, butane and ethane.