Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Gap Up – Time to Buy?

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $28.40, but opened at $29.74. Transportadora De Gas Sa Ord B shares last traded at $29.76, with a volume of 6,947 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TGS. Zacks Research downgraded Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Monday, June 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. Finally, Bank of America restated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” 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 $4.43 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 0.99 and a beta of 0.63. The company has a fifty day moving average of $30.31 and a two-hundred day moving average of $30.83.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in 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 worth $57,000 after buying an additional 890 shares during the last quarter. Lester Murray Antman dba SimplyRich lifted its stake in Transportadora De Gas Sa Ord B by 1.4% in 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 buying an additional 902 shares during the last quarter. NewEdge Advisors LLC lifted its stake in 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 last quarter. Van ECK Associates Corp boosted 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 acquiring an additional 3,665 shares during the period. Finally, JPMorgan Chase & Co. boosted 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 acquiring an additional 4,347 shares during the period. Institutional investors and hedge funds 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.