Zacks Research Downgrades Transportadora De Gas Sa Ord B (NYSE:TGS) to Hold

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts also recently commented on the stock. Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE:TGS opened at $29.71 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. Transportadora De Gas Sa Ord B has a 1-year low of $19.74 and a 1-year high of $36.35. The company has a market capitalization of $4.47 billion, a P/E ratio of 13.44, a P/E/G ratio of 1.04 and a beta of 0.61. The firm’s 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $30.91.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its stake in Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock worth $3,808,000 after purchasing an additional 127,702 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares during the last quarter. JPMorgan Chase & Co. grew 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 valued at $2,954,000 after purchasing an additional 4,347 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Transportadora De Gas Sa Ord B by 11.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company’s stock valued at $4,723,000 after purchasing an additional 18,009 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Transportadora De Gas Sa Ord B by 22.4% in the second quarter. Marshall Wace LLP now owns 117,680 shares of the energy company’s stock worth $3,048,000 after purchasing an additional 21,520 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

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.