Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Upgraded by Zacks Research

Transportadora De Gas Sa Ord B (NYSE:TGS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday, Zacks reports.

TGS has been the subject of a number of other research reports. Weiss Ratings upgraded shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B has a consensus rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

TGS opened at $25.93 on Wednesday. The stock has a market cap of $3.90 billion, a PE ratio of 9.99, a P/E/G ratio of 0.52 and a beta of 0.57. The stock’s 50 day simple moving average is $27.64 and its 200-day simple moving average is $29.50. Transportadora De Gas Sa Ord B has a 1 year low of $22.12 and a 1 year high of $36.35. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The business had revenue of $360.86 million for the quarter, compared to the consensus estimate of $286.98 million. Sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Arlington Capital Management Inc. acquired a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth about $3,962,000. ABS Direct Equity Fund LLC increased its position in Transportadora De Gas Sa Ord B by 69.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after acquiring an additional 50,980 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $1,531,000. FNY Investment Advisers LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the second quarter worth about $926,000. Finally, Engineers Gate Manager LP raised its stake in shares of Transportadora De Gas Sa Ord B by 49.6% in the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after acquiring an additional 8,930 shares during the last quarter. 3.29% of the stock is owned by institutional investors.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.