Transportadora De Gas Sa Ord B (NYSE:TGS) Raised 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 report released on Wednesday, Zacks reports.

Several other equities analysts have also weighed in on the company. Weiss Ratings raised Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

TGS stock opened at $25.93 on Wednesday. Transportadora De Gas Sa Ord B has a twelve month low of $22.12 and a twelve month high of $36.35. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. The company has a market cap of $3.90 billion, a P/E ratio of 9.94, a price-to-earnings-growth ratio of 0.52 and a beta of 0.57. The business’s fifty day moving average is $27.64 and its 200-day moving average is $29.50.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The company had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. Equities research analysts forecast that Transportadora De Gas Sa Ord B will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Several large investors have recently modified their holdings of TGS. Fifth Third Bancorp lifted its holdings in shares of Transportadora De Gas Sa Ord B by 116.0% during the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after purchasing an additional 890 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 1st quarter valued at approximately $210,000. Systrade AG acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $743,000. Engineers Gate Manager LP grew its position in shares of Transportadora De Gas Sa Ord B by 49.6% in the 2nd quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after purchasing an additional 8,930 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $926,000. 3.29% of the stock is currently owned by institutional investors.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.