Oaktree Capital Management LP Has $1.19 Million Stock Holdings in Transportadora De Gas Sa Ord B $TGS

Key Points

• Oaktree Capital cut its stake in Transportadora De Gas Sa Ord B (TGS) by 58.9% in Q3 and now holds 56,522 shares valued at about $1.19 million.
• Other institutional activity was significant: large new positions from Helikon Investments (~$60.9M) and Encompass Capital (~$25.9M) helped push total institutional ownership to about 3.29%.
• TGS shares traded at $30.89 (up 0.8%), with a market cap of $4.65B and a consensus analyst rating of “Moderate Buy” and an average target price of $39.50.

Oaktree Capital Management LP cut its stake in Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 58.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,522 shares of the energy company's stock after selling 81,108 shares during the period. Oaktree Capital Management LP's holdings in Transportadora De Gas Sa Ord B were worth $1,189,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TGS. Banco BTG Pactual S.A. bought a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $2,141,000. Ping Capital Management Inc. grew its holdings in shares of Transportadora De Gas Sa Ord B by 75.6% during the third quarter. Ping Capital Management Inc. now owns 102,700 shares of the energy company's stock worth $2,160,000 after purchasing an additional 44,200 shares during the last quarter. Helikon Investments Ltd bought a new position in shares of Transportadora De Gas Sa Ord B in the third quarter valued at about $60,929,000. Encompass Capital Advisors LLC acquired a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth about $25,900,000. Finally, Insigneo Advisory Services LLC increased its position in Transportadora De Gas Sa Ord B by 84.7% in the 2nd quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company's stock valued at $547,000 after acquiring an additional 9,687 shares in the last quarter. Institutional investors own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B Stock Up 0.8%

Shares of Transportadora De Gas Sa Ord B stock traded up $0.26 during trading on Friday, reaching $30.89. The stock had a trading volume of 17,236 shares, compared to its average volume of 232,719. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 1.32 and a beta of 0.84. The stock has a fifty day moving average price of $30.06 and a two-hundred day moving average price of $28.08. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $34.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TGS. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Zacks Research lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 26th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $39.50.

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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