Transportadora De Gas Sa Ord B (NYSE:TGS) Rating Lowered to “Hold” at Wall Street Zen

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also issued reports on TGS. Bank of America initiated coverage on Transportadora De Gas Sa Ord B in a research report on Friday, October 31st. They set a “buy” rating and a $39.00 price target for the company. 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, January 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

TGS opened at $29.37 on Friday. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $30.67 and its 200-day moving average is $27.91. The stock has a market cap of $4.42 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 1.23 and a beta of 0.81. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $34.10.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its stake in shares of Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock worth $3,808,000 after purchasing an additional 127,702 shares during the last quarter. NewEdge Advisors LLC boosted its holdings 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 worth $322,000 after buying an additional 2,725 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Transportadora De Gas Sa Ord B in the second quarter worth approximately $488,000. Fourth Sail Capital LP increased its holdings in shares of Transportadora De Gas Sa Ord B by 37.1% in the second quarter. Fourth Sail Capital LP now owns 253,168 shares of the energy company’s stock valued at $6,557,000 after buying an additional 68,465 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after buying an additional 4,347 shares in the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

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.