Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 4.2% – Time to Sell?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price dropped 4.2% during trading on Wednesday . The stock traded as low as $28.90 and last traded at $28.9260. Approximately 104,932 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 291,647 shares. The stock had previously closed at $30.19.

Wall Street Analysts Forecast Growth

TGS has been the topic of several recent analyst reports. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Sunday, March 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

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 $4.30 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.07 and a beta of 0.63. The company has a fifty day moving average of $31.81 and a two-hundred day moving average of $30.88.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. The firm had revenue of $326.20 million during the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%. On average, equities analysts anticipate that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp increased 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 buying an additional 890 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in shares of Transportadora De Gas Sa Ord B by 1.4% during the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock valued at $2,033,000 after purchasing an additional 902 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after purchasing an additional 2,725 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Transportadora De Gas Sa Ord B by 536.6% during the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after purchasing an additional 3,665 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares during the last quarter. 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.