Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded TGS from “hold” to “buy,” although the broader analyst consensus remains “Hold” with a $39.00 price target.
• TGS shares opened at $26.14, up 0.7%, with a market capitalization of approximately $3.94 billion and a price-to-earnings ratio of 9.95.
• The company reported quarterly EPS of $0.60, below the $0.63 consensus estimate, while revenue of $360.86 million exceeded expectations of $286.98 million. Institutional investors own 3.29% of the stock.

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

A number of other research firms also recently issued reports on TGS. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, September 28th. Zacks Research downgraded Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.00.

Transportadora De Gas Sa Ord B Trading Up 0.7%

Shares of Transportadora De Gas Sa Ord B stock opened at $26.14 on Friday. The stock has a 50 day moving average price of $27.83 and a two-hundred day moving average price of $29.79. Transportadora De Gas Sa Ord B has a 52 week low of $21.11 and a 52 week high of $36.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The stock has a market capitalization of $3.94 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.53 and a beta of 0.57.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The energy company reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.03). The business had revenue of $360.86 million for the quarter, compared to the consensus estimate of $286.98 million. Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. As a group, equities analysts anticipate that Transportadora De Gas Sa Ord B will post 2.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Fifth Third Bancorp grew its position 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 worth $57,000 after acquiring an additional 890 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in Transportadora De Gas Sa Ord B in the 1st quarter worth approximately $210,000. Systrade AG bought a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at $743,000. Engineers Gate Manager LP boosted its holdings in shares of 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 worth $801,000 after purchasing an additional 8,930 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $926,000. 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 Argentine natural gas transportation and processing company. It operates the country's southern gas transportation system, moving natural gas from producing regions to distribution companies, power generators, industrial users and other customers.

The company also provides midstream services, including gas gathering, conditioning, treatment and compression. Through its processing complex at General Cerri near Bahía Blanca, TGS extracts and commercializes natural gas liquids such as ethane, propane, butane and natural gasoline.

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