Shares of Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $27.35 and traded as high as $29.49. Transportadora De Gas Sa Ord B shares last traded at $28.83, with a volume of 159,692 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on TGS. Weiss Ratings restated a “hold (c)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th. Zacks Research upgraded Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Friday, December 26th. Wall Street Zen raised shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Bank of America assumed coverage on shares of Transportadora De Gas Sa Ord B in a report on Friday, October 31st. They set a “buy” rating and a $39.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $39.50.
Get Our Latest Analysis on Transportadora De Gas Sa Ord B
Transportadora De Gas Sa Ord B Stock Up 1.0%
Transportadora De Gas Sa Ord B (NYSE:TGS – Get Free Report) last posted its earnings results on Monday, November 3rd. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.50. The company had revenue of $309.14 million for the quarter, compared to the consensus estimate 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%. As a group, equities analysts predict that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.
Hedge Funds Weigh In On Transportadora De Gas Sa Ord B
A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its position in shares of Transportadora De Gas Sa Ord B by 1,027.7% during the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock worth $176,000 after purchasing an additional 7,646 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock worth $322,000 after buying an additional 2,725 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $488,000. Insigneo Advisory Services LLC grew its stake in shares of Transportadora De Gas Sa Ord B by 84.7% in the second quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company’s stock worth $547,000 after acquiring an additional 9,687 shares in the last quarter. Finally, Crocodile Capital Partners GmbH purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth $777,000. Hedge funds and other 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.
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