Brokerages Set Transportadora De Gas Sa Ord B (NYSE:TGS) Target Price at $39.50

Transportadora De Gas Sa Ord B (NYSE:TGS) has earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $39.50.

A number of analysts recently commented on TGS shares. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Bank of America initiated coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 target price on the stock. 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, January 26th.

Transportadora De Gas Sa Ord B Stock Down 3.4%

TGS stock opened at $31.86 on Friday. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $34.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 1.38 and a beta of 0.82. The business’s fifty day moving average price is $30.83 and its two-hundred day moving average price is $27.69.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced 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 business had revenue of $309.14 million for the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after purchasing an additional 7,646 shares during the period. OLD National Bancorp IN purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $277,000. NewEdge Advisors LLC increased 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 valued at $322,000 after buying an additional 2,725 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter valued at about $488,000. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Transportadora De Gas Sa Ord B by 84.7% in the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock worth $547,000 after buying an additional 9,687 shares in the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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.