Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Dropped to Hold by Wall Street Zen

Key Points

• Wall Street Zen downgraded TGS from “Buy” to “Hold,” although the broader analyst consensus remains “Buy,” with ratings including Strong Buy, Buy and Hold.
• TGS shares opened at $23.67, near their 12-month low of $23.00 and below both their 50-day and 200-day moving averages. The company has a $3.56 billion market capitalization and a price-to-earnings ratio of 9.59.
• The company reported quarterly EPS of $0.48, below the $0.67 analyst estimate, while revenue of $349.16 million exceeded expectations of $337.23 million. Institutional investors own 3.29% of the stock.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently weighed in on 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 Wednesday, October 21st. Weiss Ratings raised Transportadora De Gas Sa Ord B from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy".

Transportadora De Gas Sa Ord B Price Performance

Transportadora De Gas Sa Ord B stock opened at $23.67 on Friday. Transportadora De Gas Sa Ord B has a 12 month low of $23.00 and a 12 month high of $36.35. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The business's 50 day simple moving average is $27.31 and its 200 day simple moving average is $29.79. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.50 and a beta of 0.57.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last released its earnings results on Thursday, October 29th. The energy company reported $0.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.19). Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. The firm had revenue of $349.16 million during the quarter, compared to analysts' expectations of $337.23 million. Sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.76 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently bought and sold shares of the business. ABS Direct Equity Fund LLC boosted its stake in Transportadora De Gas Sa Ord B by 69.0% in the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company's stock worth $3,712,000 after buying an additional 50,980 shares in the last quarter. Arlington Capital Management Inc. bought a new position in Transportadora De Gas Sa Ord B during the second quarter valued at approximately $3,962,000. Engineers Gate Manager LP grew its position in Transportadora De Gas Sa Ord B by 49.6% during the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company's stock valued at $801,000 after acquiring an additional 8,930 shares during the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth approximately $1,531,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the second quarter worth approximately $926,000. 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 Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina's largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.

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