Transportadora De Gas Sa Ord B (NYSE:TGS) Sets New 52-Week High – Here’s Why

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $35.90 and last traded at $35.1640, with a volume of 52492 shares traded. The stock had previously closed at $34.37.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TGS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Finally, Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B presently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Stock Performance

The stock’s 50-day moving average price is $30.75 and its 200 day moving average price is $28.66. The firm has a market cap of $5.32 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.28% and a return on equity of 14.05%. The business had revenue of $326.20 million during the quarter. As a group, equities analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently bought and sold shares of TGS. Helikon Investments Ltd boosted its position in Transportadora De Gas Sa Ord B by 13.3% during the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after purchasing an additional 386,015 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after purchasing an additional 137,032 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in shares of Transportadora De Gas Sa Ord B by 108.7% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock worth $37,520,000 after purchasing an additional 628,438 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $25,900,000. Finally, Fundamenta Capital S.A. bought a new stake in shares of Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $18,565,000. 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.