Transportadora De Gas Sa Ord B (NYSE:TGS) Rating Increased to Strong-Buy at Zacks Research

Transportadora De Gas Sa Ord B (NYSE:TGS) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B presently has an average rating of “Buy” and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Price Performance

Shares of Transportadora De Gas Sa Ord B stock opened at $29.44 on Tuesday. 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’s 50-day moving average price is $31.72 and its two-hundred day moving average price is $30.85. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The stock has a market cap of $4.43 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.04 and a beta of 0.63.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The firm had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%. As a group, sell-side analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently bought and sold shares of the business. Helikon Investments Ltd grew its stake in Transportadora De Gas Sa Ord B by 13.3% during the 4th 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 valued at $42,154,000 after acquiring an additional 137,032 shares in the last quarter. SPX Gestao de Recursos Ltda grew its stake in Transportadora De Gas Sa Ord B by 108.7% during 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 acquiring an additional 628,438 shares in the last quarter. Fundamenta Capital S.A. purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $18,565,000. Finally, Banco BTG Pactual S.A. grew its stake in Transportadora De Gas Sa Ord B by 143.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company’s stock valued at $4,227,000 after acquiring an additional 118,357 shares in the last quarter. Hedge funds and other institutional investors 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 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.