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 subject of several other research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Finally, Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B presently has a consensus rating of “Hold” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Shares of Transportadora De Gas Sa Ord B stock opened at $30.39 on Friday. The business has a 50-day simple moving average of $30.37 and a 200-day simple moving average of $30.77. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $36.35. The company has a market cap of $4.58 billion, a PE ratio of 13.75, a P/E/G ratio of 1.07 and a beta of 0.63.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Helikon Investments Ltd lifted its position in Transportadora De Gas Sa Ord B by 13.3% in the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after acquiring an additional 386,015 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Transportadora De Gas Sa Ord B by 9.2% during the second 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 during the last quarter. SPX Gestao de Recursos Ltda increased its position 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 in the last quarter. Fundamenta Capital S.A. acquired a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $18,565,000. Finally, Banco BTG Pactual S.A. lifted its holdings in shares of Transportadora De Gas Sa Ord B by 143.2% in the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after purchasing an additional 118,357 shares during the last quarter. 3.29% of the stock is currently 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.