Transportadora De Gas Sa Ord B (NYSE:TGS) Announces Earnings Results, Beats Expectations By $0.50 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) posted its earnings results on Monday. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50, Zacks reports. Transportadora De Gas Sa Ord B had a return on equity of 12.12% and a net margin of 26.09%.The firm had revenue of $316.00 million for the quarter, compared to analyst estimates of $359.08 million.

Transportadora De Gas Sa Ord B Stock Down 2.6%

Shares of Transportadora De Gas Sa Ord B stock traded down $0.80 during trading hours on Tuesday, hitting $29.70. 220,667 shares of the company’s stock traded hands, compared to its average volume of 417,438. The stock has a 50 day simple moving average of $23.87 and a 200-day simple moving average of $26.40. The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23. The company has a market cap of $4.47 billion, a PE ratio of 14.14 and a beta of 0.80. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $34.37.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its position in shares of 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 purchasing an additional 2,725 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in 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 worth $2,954,000 after acquiring an additional 4,347 shares during the last quarter. Marshall Wace LLP lifted its holdings in Transportadora De Gas Sa Ord B by 22.4% in the second quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock worth $3,048,000 after acquiring an additional 21,520 shares during the last quarter. Millennium Management LLC lifted 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 worth $3,808,000 after acquiring an additional 127,702 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Transportadora De Gas Sa Ord B by 11.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock worth $4,723,000 after acquiring an additional 18,009 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TGS shares. Bank of America started coverage on Transportadora De Gas Sa Ord B in a research note on Friday. They set a “buy” rating and a $39.00 price target on the stock. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.50.

About Transportadora De Gas Sa Ord B

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; Midstream; and Telecommunications.