Transportadora De Gas Sa Ord B (NYSE:TGS) Given Average Recommendation of “Buy” by Brokerages

Transportadora De Gas Sa Ord B (NYSE:TGS) has earned an average recommendation of “Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $39.50.

Several brokerages have commented on TGS. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday. Bank of America initiated coverage on shares of Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They issued a “buy” rating and a $39.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 22nd.

Transportadora De Gas Sa Ord B Stock Down 0.4%

Transportadora De Gas Sa Ord B stock opened at $30.95 on Tuesday. The firm has a 50 day simple moving average of $30.02 and a 200 day simple moving average of $27.10. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.37. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 13.51, a P/E/G ratio of 1.55 and a beta of 0.79.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings results on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $359.08 million. On average, analysts predict that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently added to or reduced their stakes in the business. Fourth Sail Capital LP boosted its position in shares of Transportadora De Gas Sa Ord B by 37.1% during the 2nd quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after acquiring an additional 68,465 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in Transportadora De Gas Sa Ord B in the second quarter valued at approximately $2,141,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Transportadora De Gas Sa Ord B by 2.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company’s stock valued at $39,440,000 after purchasing an additional 36,023 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Transportadora De Gas Sa Ord B during the second quarter valued at approximately $488,000. Finally, Janney Montgomery Scott LLC grew its stake in Transportadora De Gas Sa Ord B by 77.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock worth $770,000 after buying an additional 12,965 shares in the last quarter. Institutional investors own 3.29% of the company’s stock.

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.