Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Upgraded by Wall Street Zen

Transportadora De Gas Sa Ord B (NYSE:TGS) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other research firms have also recently weighed in on TGS. Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Finally, Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.00.

Transportadora De Gas Sa Ord B Price Performance

Shares of NYSE TGS opened at $30.41 on Friday. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $36.35. The firm has a market cap of $4.58 billion, a P/E ratio of 13.76, a PEG ratio of 1.07 and a beta of 0.63. The company has a 50 day moving average of $30.38 and a 200 day moving average of $30.76. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of large investors have recently added to or reduced their stakes in TGS. FNY Investment Advisers LLC purchased a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at $926,000. Systrade AG purchased a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter worth $743,000. ABS Direct Equity Fund LLC boosted its stake in shares of Transportadora De Gas Sa Ord B by 41.8% in the 1st quarter. ABS Direct Equity Fund LLC now owns 73,881 shares of the energy company’s stock worth $2,557,000 after buying an additional 21,788 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Transportadora De Gas Sa Ord B by 116.0% in the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after acquiring an additional 890 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Transportadora De Gas Sa Ord B in the first quarter worth $210,000. 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.