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 analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms have also recently weighed in on TGS. Weiss Ratings reissued 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 downgraded 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

NYSE TGS opened at $28.12 on Friday. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $36.35. The stock has a 50-day moving average of $29.87 and a 200 day moving average of $30.58. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.58 and a beta of 0.63. 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 (NYSE:TGS) last issued its earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). The business had revenue of $360.86 million during the quarter, compared to analysts’ expectations of $286.98 million. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. On average, sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TGS. Fifth Third Bancorp grew its position in shares of Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after acquiring an additional 890 shares during the period. Van ECK Associates Corp increased its stake in shares of Transportadora De Gas Sa Ord B by 536.6% in the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock worth $135,000 after purchasing an additional 3,665 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in Transportadora De Gas Sa Ord B in the 1st quarter worth $210,000. Uniplan Investment Counsel Inc. bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter worth $205,000. Finally, Vident Advisory LLC purchased a new position in Transportadora De Gas Sa Ord B during the fourth quarter valued at $234,000. 3.29% of the stock is currently owned by institutional investors.

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.