Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 12-Month Low – Should You Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $21.33 and last traded at $21.2480, with a volume of 191,250 shares changing hands. The stock had previously closed at $21.55.

Wall Street Analyst Weigh In

Several analysts have recently commented on TGS shares. Weiss Ratings upgraded shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, September 28th. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Finally, Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 21st. One investment 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. According to MarketBeat, Transportadora De Gas Sa Ord B currently has a consensus rating of “Buy”.

Transportadora De Gas Sa Ord B Price Performance

The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 8.43, a P/E/G ratio of 0.44 and a beta of 0.58. The company has a fifty day simple moving average of $26.13 and a two-hundred day simple moving average of $29.44. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.10 and a current ratio of 3.11.

Transportadora De Gas Sa Ord B (NYSE:TGS) last issued its quarterly earnings results on Thursday, October 29th. The energy company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.18). The business had revenue of $349.16 million during the quarter, compared to analyst estimates of $337.23 million. Transportadora De Gas Sa Ord B had a return on equity of 14.29% and a net margin of 26.02%. As a group, research analysts anticipate that Transportadora De Gas Sa Ord B will post 2.62 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp grew its holdings in 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 valued at $57,000 after purchasing an additional 890 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 1st quarter valued at $210,000. Systrade AG acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at $743,000. Engineers Gate Manager LP boosted its holdings 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 last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at $926,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur S.A. (TGS) is an Argentine energy infrastructure company that transports natural gas and provides related processing and midstream services. Its pipeline network carries gas from producing regions in southern and central Argentina to consumers and distribution systems, including markets around Buenos Aires. TGS also processes natural gas and produces natural gas liquids, including ethane, propane, butane and gasoline, for domestic and export markets. Its services include gas treatment, gathering and other infrastructure work for energy producers, including in the Vaca Muerta region.