Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a hold rating to a buy rating in a research note published on Saturday morning.

TGS has been the topic of several other reports. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 0.7%

NYSE:TGS opened at $29.25 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The company’s fifty day moving average price is $30.09 and its 200-day moving average price is $28.02. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $34.10. The firm has a market capitalization of $4.40 billion, a P/E ratio of 12.77, a PEG ratio of 1.22 and a beta of 0.84.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC grew its holdings in Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares during the period. NewEdge Advisors LLC raised its stake in shares of Transportadora De Gas Sa Ord B by 28.8% during the 1st 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 during the period. Fourth Sail Capital LP lifted 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 buying an additional 68,465 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Transportadora De Gas Sa Ord B by 4.0% during the 2nd 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. Finally, Insigneo Advisory Services LLC grew its stake in Transportadora De Gas Sa Ord B by 84.7% in the 2nd quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock valued at $547,000 after acquiring an additional 9,687 shares during the period. Hedge funds and other institutional investors 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.