Transportadora De Gas Sa Ord B (NYSE:TGS) Reaches New 12-Month High – What’s Next?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $33.83 and last traded at $33.51, with a volume of 359509 shares trading hands. The stock had previously closed at $32.04.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TGS. Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 target price for the company. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Finally, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Transportadora De Gas Sa Ord B presently has an average rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

The stock has a fifty day moving average of $30.62 and a 200-day moving average of $27.51. The firm has a market capitalization of $5.04 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.30 and a beta of 0.82. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings data on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50. The company had revenue of $309.14 million for the quarter, compared to the consensus estimate of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. On average, research analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of large investors have recently modified their holdings of TGS. Millennium Management LLC increased its position in shares of 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 acquiring an additional 127,702 shares during the last quarter. NewEdge Advisors LLC grew its stake in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Transportadora De Gas Sa Ord B by 77.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 29,721 shares of the energy company’s stock worth $770,000 after purchasing an additional 12,965 shares during the last quarter. Ping Capital Management Inc. raised its stake in shares of Transportadora De Gas Sa Ord B by 7.9% during the 2nd quarter. Ping Capital Management Inc. now owns 58,500 shares of the energy company’s stock worth $1,515,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $488,000. 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.