Transportadora De Gas Sa Ord B (NYSE:TGS) Receives Average Recommendation of “Buy” from Analysts

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS) have received an average rating of “Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $39.50.

Several equities analysts have recently issued reports on the company. Bank of America started coverage on Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They issued a “buy” rating and a $39.00 target price for the company. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 22nd.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $30.95 on Tuesday. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.37. The company has a market cap of $4.66 billion, a PE ratio of 13.51, a P/E/G ratio of 1.55 and a beta of 0.79. The stock has a 50-day moving average of $30.02 and a 200-day moving average of $27.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.72 and a quick ratio of 3.67.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings results on Monday, November 3rd. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.50. The business had revenue of $309.14 million for the quarter, compared to analyst estimates of $359.08 million. Transportadora De Gas Sa Ord B had a return on equity of 13.26% and a net margin of 27.37%. On average, equities research analysts predict that Transportadora De Gas Sa Ord B will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 66.9% during the 1st quarter. Cubist Systematic Strategies LLC now owns 57,609 shares of the energy company’s stock worth $1,524,000 after purchasing an additional 23,094 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Transportadora De Gas Sa Ord B by 2.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company’s stock valued at $39,440,000 after purchasing an additional 36,023 shares during the period. Millennium Management LLC increased its position in Transportadora De Gas Sa Ord B by 787.5% in the first quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock worth $3,808,000 after buying an additional 127,702 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after buying an additional 2,725 shares during the period. Finally, ABS Direct Equity Fund LLC grew its stake in shares of Transportadora De Gas Sa Ord B by 10.2% during the 2nd quarter. ABS Direct Equity Fund LLC now owns 69,658 shares of the energy company’s stock worth $1,804,000 after acquiring an additional 6,458 shares during the period. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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.