Weekly Investment Analysts’ Ratings Updates for Transportadora de Gas del Sur (TGS)

A number of research firms have changed their ratings and price targets for Transportadora de Gas del Sur (NYSE: TGS):

  • 5/8/2019 – Transportadora de Gas del Sur was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 5/3/2019 – Transportadora de Gas del Sur was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “
  • 4/27/2019 – Transportadora de Gas del Sur was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “
  • 4/25/2019 – Transportadora de Gas del Sur was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $13.00 price target on the stock. According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “
  • 4/4/2019 – Transportadora de Gas del Sur was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

Shares of NYSE TGS traded up $0.12 during mid-day trading on Thursday, hitting $11.63. The company had a trading volume of 9,932 shares, compared to its average volume of 323,502. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.19 and a current ratio of 3.04. Transportadora de Gas del Sur SA ADR has a 12 month low of $8.81 and a 12 month high of $18.07. The stock has a market cap of $1.83 billion, a PE ratio of 5.96 and a beta of 0.80.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Thursday, March 7th. The energy company reported $1.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $1.07. Transportadora de Gas del Sur had a net margin of 33.33% and a return on equity of 54.20%. The business had revenue of $243.95 million during the quarter. Research analysts forecast that Transportadora de Gas del Sur SA ADR will post 1.05 earnings per share for the current fiscal year.

The firm also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 22nd were paid a dividend of $1.019 per share. This is a boost from Transportadora de Gas del Sur’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, April 18th. Transportadora de Gas del Sur’s dividend payout ratio (DPR) is currently 78.97%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlueCrest Capital Management Ltd bought a new position in Transportadora de Gas del Sur during the first quarter worth about $540,000. Morgan Stanley lifted its stake in Transportadora de Gas del Sur by 486.2% during the first quarter. Morgan Stanley now owns 77,021 shares of the energy company’s stock worth $1,015,000 after purchasing an additional 63,881 shares during the period. Goldman Sachs Group Inc. lifted its stake in Transportadora de Gas del Sur by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 947,272 shares of the energy company’s stock worth $12,466,000 after purchasing an additional 13,920 shares during the period. ExodusPoint Capital Management LP bought a new position in Transportadora de Gas del Sur during the first quarter worth about $1,573,000. Finally, Truvvo Partners LLC bought a new position in Transportadora de Gas del Sur during the first quarter worth about $509,000. Hedge funds and other institutional investors own 8.44% of the company’s stock.

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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