Transportadora De Gas Sa Ord B (NYSE:TGS) Trading Down 3.1% – Here’s Why

Transportadora De Gas Sa Ord B (NYSE:TGS) dropped 3.1% during mid-day trading on Monday . The company traded as low as $29.03 and last traded at $29.1560. Approximately 3,310 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 412,550 shares. The stock had previously closed at $30.10.

Wall Street Analyst Weigh In

TGS has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday, October 8th. Bank of America began coverage on shares of Transportadora De Gas Sa Ord B in a research note on Friday, October 31st. They issued a “buy” rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Price Performance

The business has a fifty day simple moving average of $25.51 and a 200-day simple moving average of $26.80. The stock has a market capitalization of $4.60 billion, a P/E ratio of 13.35, a PEG ratio of 1.47 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72.

Transportadora De Gas Sa Ord B (NYSE:TGS) last released its earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50. The company had revenue of $309.14 million for the quarter, compared to the consensus estimate of $359.08 million. Transportadora De Gas Sa Ord B had a net margin of 27.37% and a return on equity of 13.26%. Sell-side analysts expect that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGS. NewEdge Advisors LLC lifted its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after purchasing an additional 2,725 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Transportadora De Gas Sa Ord B by 14.4% in the first quarter. Allianz Asset Management GmbH now owns 27,923 shares of the energy company’s stock valued at $739,000 after buying an additional 3,507 shares in the last quarter. Ping Capital Management Inc. grew its holdings in shares of Transportadora De Gas Sa Ord B by 7.9% during the second quarter. Ping Capital Management Inc. now owns 58,500 shares of the energy company’s stock valued at $1,515,000 after buying an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Transportadora De Gas Sa Ord B by 4.0% during the second 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 in the last quarter. Finally, ABS Direct Equity Fund LLC raised its holdings in shares of Transportadora De Gas Sa Ord B by 10.2% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock worth $1,804,000 after acquiring an additional 6,458 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.