ValuEngine Downgrades Transportadora de Gas del Sur (NYSE:TGS) to Sell

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Transportadora de Gas del Sur (NYSE:TGS) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, ValuEngine reports.

Separately, Zacks Investment Research downgraded shares of Zafgen from a “buy” rating to a “hold” rating in a research note on Saturday.

NYSE TGS opened at $14.45 on Monday. The company has a current ratio of 3.04, a quick ratio of 3.01 and a debt-to-equity ratio of 0.63. The company’s 50 day simple moving average is $14.68. Transportadora de Gas del Sur has a 52-week low of $8.81 and a 52-week high of $17.78. The company has a market capitalization of $2.38 billion, a P/E ratio of 7.41 and a beta of 0.50.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings data on Friday, May 10th. The energy company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.07. Transportadora de Gas del Sur had a net margin of 33.04% and a return on equity of 55.91%. The firm had revenue of $277.30 million for the quarter. As a group, equities research analysts expect that Transportadora de Gas del Sur will post 1.36 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. State of New Jersey Common Pension Fund D purchased a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter worth approximately $533,000. Gulf International Bank UK Ltd purchased a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at $43,000. Oaktree Capital Management LP raised its position in Transportadora de Gas del Sur by 37.0% in the 1st quarter. Oaktree Capital Management LP now owns 689,000 shares of the energy company’s stock valued at $9,066,000 after purchasing an additional 186,000 shares during the last quarter. Bienville Capital Management LLC raised its position in Transportadora de Gas del Sur by 18.5% in the 1st quarter. Bienville Capital Management LLC now owns 904,049 shares of the energy company’s stock valued at $11,898,000 after purchasing an additional 141,191 shares during the last quarter. Finally, Fort Sheridan Advisors LLC raised its position in Transportadora de Gas del Sur by 56.0% in the 1st quarter. Fort Sheridan Advisors LLC now owns 17,505 shares of the energy company’s stock valued at $230,000 after purchasing an additional 6,286 shares during the last quarter. Hedge funds and other institutional investors own 9.02% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

See Also: Lock-Up Period Expiration

To view ValuEngine’s full report, visit ValuEngine’s official website.

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