Zacks Research Downgrades Transportadora De Gas Sa Ord B (NYSE:TGS) to Hold

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

A number of other brokerages have also recently issued reports on TGS. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Finally, Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Transportadora De Gas Sa Ord B stock opened at $29.71 on Monday. The company has a market cap of $4.47 billion, a PE ratio of 13.44, a PEG ratio of 1.04 and a beta of 0.61. 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 has a 1 year low of $19.74 and a 1 year high of $36.35. The company’s 50-day moving average is $30.49 and its two-hundred day moving average is $30.91.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fundamenta Capital S.A. bought a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $18,565,000. Moneda S.A. Administradora General de Fondos acquired a new position in shares of Transportadora De Gas Sa Ord B in the 3rd quarter valued at $3,418,000. Helikon Investments Ltd increased its position in shares of Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after buying an additional 386,015 shares in the last quarter. ABS Direct Equity Fund LLC bought a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at $1,620,000. Finally, Crocodile Capital Partners GmbH acquired a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth $777,000. Institutional investors and hedge funds 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.