Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 4.2% – Time to Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s share price traded down 4.2% during mid-day trading on Wednesday . The company traded as low as $28.90 and last traded at $28.9260. 104,932 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 291,647 shares. The stock had previously closed at $30.19.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and an average price target of $39.00.

Transportadora De Gas Sa Ord B Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The company has a market cap of $4.36 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.99 and a beta of 0.63. The company’s 50-day simple moving average is $31.79 and its 200-day simple moving average is $30.85.

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 return on equity of 14.03% and a net margin of 24.56%.The company had revenue of $326.20 million for the quarter. On average, equities research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several hedge funds have recently added to or reduced their stakes in TGS. Millennium Management LLC boosted 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 valued at $3,808,000 after acquiring an additional 127,702 shares during the last quarter. NewEdge Advisors LLC lifted 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 buying an additional 2,725 shares during the period. JPMorgan Chase & Co. lifted its stake 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 valued at $2,954,000 after buying an additional 4,347 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake 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 valued at $4,723,000 after buying an additional 18,009 shares during the period. Finally, Marshall Wace LLP lifted its stake 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 valued at $3,048,000 after buying an additional 21,520 shares during the period. Institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Company Profile

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.