Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Wall Street Zen to Hold

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Several other research analysts also recently weighed in on TGS. Zacks Research downgraded shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has a consensus rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS traded up $1.35 on Friday, reaching $30.63. The company’s stock had a trading volume of 272,956 shares, compared to its average volume of 246,889. The stock’s 50 day simple moving average is $30.25 and its two-hundred day simple moving average is $30.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The stock has a market capitalization of $4.61 billion, a P/E ratio of 13.86, a PEG ratio of 1.09 and a beta of 0.63. Transportadora De Gas Sa Ord B has a 12-month low of $19.74 and a 12-month high of $36.35.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fundamenta Capital S.A. purchased a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at $18,565,000. Moneda S.A. Administradora General de Fondos bought a new stake in Transportadora De Gas Sa Ord B in the third quarter worth $3,418,000. Helikon Investments Ltd raised its stake in 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 purchasing an additional 386,015 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in Transportadora De Gas Sa Ord B during the fourth quarter valued at $1,620,000. Finally, Crocodile Capital Partners GmbH bought a new position in Transportadora De Gas Sa Ord B during the fourth quarter valued at $777,000. 3.29% of the stock is owned by institutional investors.

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.