Transportadora De Gas Sa Ord B (NYSE:TGS) Announces Earnings Results, Misses Estimates By $0.19 EPS

Key Points

• Transportadora de Gas del Sur reported quarterly EPS of $0.48, missing the $0.67 analyst consensus by $0.19, while revenue of $349.16 million exceeded expectations of $337.23 million.
• Shares fell 1.1% to $25.02 following the results, near the company’s 12-month low of $24.63. The stock has a market capitalization of approximately $3.77 billion and a P/E ratio of 9.59.
• Analyst sentiment remains positive: the stock has a consensus Buy rating and an average price target of $39.00, with recent upgrades from Zacks Research and Wall Street Zen.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) issued its quarterly earnings results on Thursday. The energy company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.19), FiscalAI reports. Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. The company had revenue of $349.16 million during the quarter, compared to analysts' expectations of $337.23 million.

Transportadora De Gas Sa Ord B Trading Down 1.1%

Shares of TGS stock traded down $0.28 on Thursday, hitting $25.02. 271,159 shares of the stock traded hands, compared to its average volume of 274,720. The firm's 50-day moving average price is $27.45 and its two-hundred day moving average price is $29.84. Transportadora De Gas Sa Ord B has a twelve month low of $24.63 and a twelve month 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 $3.77 billion, a PE ratio of 9.59, a PEG ratio of 0.54 and a beta of 0.57.

Analyst Upgrades and Downgrades

TGS has been the topic of several research reports. Zacks Research upgraded Transportadora De Gas Sa Ord B from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 21st. Weiss Ratings upgraded Transportadora De Gas Sa Ord B from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, September 28th. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a "hold" rating to a "buy" rating in a research note on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $39.00.

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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