Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 52-Week Low – Here’s Why

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) hit a new 52-week low during trading on Thursday. The stock traded as low as $22.19 and last traded at $22.3960, with a volume of 207,821 shares traded. The stock had previously closed at $23.25.

Wall Street Analyst Weigh In

TGS has been the subject of several research analyst reports. Zacks Research raised Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. Weiss Ratings raised Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, September 28th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy”.

Transportadora De Gas Sa Ord B Stock Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 3.11 and a quick ratio of 3.10. The stock has a fifty day moving average price of $27.01 and a two-hundred day moving average price of $29.71. The company has a market cap of $3.31 billion, a P/E ratio of 8.73, a PEG ratio of 0.48 and a beta of 0.58.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). Transportadora De Gas Sa Ord B had a net margin of 26.02% and a return on equity of 14.29%. The business had revenue of $349.16 million for the quarter, compared to analyst estimates of $337.23 million. On average, equities analysts forecast that Transportadora De Gas Sa Ord B will post 2.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp lifted its holdings in shares of 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 during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the first quarter worth $210,000. Engineers Gate Manager LP grew its stake in shares of Transportadora De Gas Sa Ord B by 49.6% in the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after acquiring an additional 8,930 shares during the last quarter. ABS Direct Equity Fund LLC grew its stake in shares of Transportadora De Gas Sa Ord B by 41.8% in the first quarter. ABS Direct Equity Fund LLC now owns 73,881 shares of the energy company’s stock worth $2,557,000 after acquiring an additional 21,788 shares during the last quarter. Finally, Systrade AG bought a new position in Transportadora De Gas Sa Ord B during the second quarter worth $743,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.