Transportadora De Gas Sa Ord B (NYSE:TGS) Trading Up 8.6% – Here’s Why

Transportadora De Gas Sa Ord B (NYSE:TGS) shares shot up 8.6% during trading on Thursday . The stock traded as high as $33.48 and last traded at $33.3670. 95,590 shares were traded during trading, a decline of 69% from the average session volume of 310,999 shares. The stock had previously closed at $30.72.

Wall Street Analyst Weigh In

Several research firms have commented on TGS. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Transportadora De Gas Sa Ord B currently has a consensus rating of “Buy” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $31.11 and a 200-day moving average price of $30.88.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly 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 firm had revenue of $326.20 million for the quarter. On average, analysts expect that Transportadora De Gas Sa Ord B will post 2.78 earnings per share for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of institutional investors have recently modified their holdings of the business. Fifth Third Bancorp boosted its stake in shares of Transportadora De Gas Sa Ord B by 116.0% in the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares in the last quarter. Lester Murray Antman dba SimplyRich boosted its stake in shares of Transportadora De Gas Sa Ord B by 1.4% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock valued at $2,033,000 after buying an additional 902 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of 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 in the last quarter. Van ECK Associates Corp boosted its stake in shares of Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after buying an additional 3,665 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of 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 in the last quarter. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

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.