Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other analysts have also commented on TGS. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

TGS opened at $28.12 on Friday. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 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. The company has a market cap of $4.23 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 0.58 and a beta of 0.63. The company has a fifty day moving average price of $29.87 and a two-hundred day moving average price of $30.59.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). The company had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%. Analysts predict that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after buying an additional 890 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after acquiring an additional 2,725 shares in the last quarter. Van ECK Associates Corp lifted its stake in Transportadora De Gas Sa Ord B by 536.6% during the 4th 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 in the last quarter. JPMorgan Chase & Co. boosted its holdings in Transportadora De Gas Sa Ord B by 4.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock worth $2,954,000 after acquiring an additional 4,347 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth $210,000. 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.