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 report released on Sunday.

TGS has been the subject of several other research reports. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 0.5%

TGS opened at $30.79 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.67 and a current ratio of 3.72. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.31 and a beta of 0.84. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.10. The business’s fifty day moving average is $30.06 and its two-hundred day moving average is $28.13.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Institutional investors have recently made changes to their positions in the stock. Helikon Investments Ltd boosted its stake in shares of Transportadora De Gas Sa Ord B by 13.3% during the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after acquiring an additional 386,015 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock worth $42,154,000 after purchasing an additional 137,032 shares in the last quarter. SPX Gestao de Recursos Ltda raised its stake in Transportadora De Gas Sa Ord B by 108.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after purchasing an additional 628,438 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Transportadora De Gas Sa Ord B in the 2nd quarter valued at about $25,900,000. Finally, Fundamenta Capital S.A. purchased a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $18,565,000. 3.29% of the stock is owned by institutional investors and hedge funds.

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.