Transportadora De Gas Sa Ord B (NYSE:TGS) Issues Earnings Results

Transportadora De Gas Sa Ord B (NYSE:TGS) issued its quarterly earnings data on Monday. The energy company reported $0.60 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $360.86 million for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE:TGS opened at $30.14 on Wednesday. Transportadora De Gas Sa Ord B has a 12 month low of $19.74 and a 12 month high of $36.35. The firm has a market capitalization of $4.54 billion, a P/E ratio of 13.64, a P/E/G ratio of 0.58 and a beta of 0.63. 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’s fifty day moving average price is $30.53 and its 200 day moving average price is $30.82.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TGS shares. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Finally, Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. One investment 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 has an average rating of “Hold” and a consensus target price of $39.00.

Institutional Trading of Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after buying an additional 890 shares during the last quarter. Van ECK Associates Corp boosted its holdings 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 acquiring an additional 3,665 shares during the period. BNP Paribas Financial Markets grew its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after acquiring an additional 7,646 shares during the last quarter. Uniplan Investment Counsel Inc. acquired a new position in shares of Transportadora De Gas Sa Ord B in the 4th quarter valued at $205,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B in the 1st quarter valued at $210,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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.