Transportadora de Gas del Sur (NYSE:TGS) Rating Lowered to Buy at StockNews.com

Transportadora de Gas del Sur (NYSE:TGS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet raised Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd.

Transportadora de Gas del Sur Stock Up 0.3 %

TGS stock opened at $15.10 on Thursday. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. Transportadora de Gas del Sur has a 12-month low of $9.50 and a 12-month high of $15.77. The company has a 50 day moving average of $13.86 and a two-hundred day moving average of $13.01. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 53.93 and a beta of 0.69.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Monday, March 4th. The energy company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. The business had revenue of $249.63 million for the quarter, compared to analyst estimates of $227.09 million. On average, equities analysts anticipate that Transportadora de Gas del Sur will post 0.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently modified their holdings of TGS. PEAK6 Investments LLC bought a new stake in shares of Transportadora de Gas del Sur during the 1st quarter worth approximately $80,000. Eqis Capital Management Inc. bought a new position in shares of Transportadora de Gas del Sur during the first quarter worth approximately $81,000. Eaton Vance Management acquired a new stake in shares of Transportadora de Gas del Sur during the 1st quarter worth $2,394,000. Virtu Financial LLC acquired a new position in shares of Transportadora de Gas del Sur during the 1st quarter worth $144,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Transportadora de Gas del Sur by 44.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 58,226 shares of the energy company’s stock valued at $299,000 after purchasing an additional 18,037 shares during the last quarter. Institutional investors and hedge funds own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.