Transportadora De Gas Sa Ord B (NYSE:TGS) Releases Quarterly Earnings Results, Beats Estimates By $0.16 EPS

Transportadora De Gas Sa Ord B (NYSE:TGS) announced its quarterly earnings data on Wednesday. The energy company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.16, reports. The business had revenue of $390.75 million during the quarter, compared to the consensus estimate of $339.75 million. Transportadora De Gas Sa Ord B had a net margin of 24.28% and a return on equity of 14.05%.

Transportadora De Gas Sa Ord B Stock Down 0.5%

Transportadora De Gas Sa Ord B stock opened at $33.73 on Friday. 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 has a 52 week low of $19.74 and a 52 week high of $35.00. The business’s 50-day moving average price is $30.64 and its 200 day moving average price is $28.49. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 16.06, a price-to-earnings-growth ratio of 1.13 and a beta of 0.84.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TGS shares. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $39.50.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds have recently bought and sold shares of TGS. Banco BTG Pactual S.A. raised its position in Transportadora De Gas Sa Ord B by 143.2% during the third quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock worth $4,227,000 after acquiring an additional 118,357 shares during the period. Millennium Management LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 787.5% during the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock worth $3,808,000 after purchasing an additional 127,702 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Transportadora De Gas Sa Ord B by 22.4% during the second quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock worth $3,048,000 after purchasing an additional 21,520 shares in the last quarter. UBS Group AG raised its position in shares of Transportadora De Gas Sa Ord B by 2,997.4% during the 3rd quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock worth $2,852,000 after purchasing an additional 131,258 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Transportadora De Gas Sa Ord B by 167.1% during the 3rd quarter. Mackenzie Financial Corp now owns 127,390 shares of the energy company’s stock worth $2,679,000 after purchasing an additional 79,690 shares during the last quarter. Hedge funds and other 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.