Transportadora De Gas Sa Ord B $TGS Shares Bought by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC raised its stake in shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Free Report) by 69.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,861 shares of the energy company's stock after purchasing an additional 50,980 shares during the period. Transportadora De Gas Sa Ord B accounts for 3.2% of ABS Direct Equity Fund LLC's holdings, making the stock its 9th biggest position. ABS Direct Equity Fund LLC owned about 0.08% of Transportadora De Gas Sa Ord B worth $3,712,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Arlington Capital Management Inc. acquired a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter worth about $3,962,000. Engineers Gate Manager LP grew 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 buying an additional 8,930 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $1,531,000. FNY Investment Advisers LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter valued at about $926,000. Finally, Systrade AG acquired a new stake in shares of Transportadora De Gas Sa Ord B in the second quarter valued at about $743,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TGS. Bank of America restated a "buy" rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Weiss Ratings reissued a "hold (c-)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Finally, Zacks Research cut Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Stock Up 3.2%

NYSE TGS opened at $30.77 on Friday. The business's fifty day simple moving average is $29.49 and its 200-day simple moving average is $30.52. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39. The firm has a market cap of $4.63 billion, a PE ratio of 11.79, a P/E/G ratio of 0.61 and a beta of 0.59. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The firm had revenue of $360.86 million for the quarter, compared to analyst estimates of $286.98 million. Transportadora De Gas Sa Ord B had a return on equity of 16.29% and a net margin of 27.38%. As a group, equities analysts anticipate that Transportadora De Gas Sa Ord B will post 2.68 earnings per share for the current year.

About Transportadora De Gas Sa Ord B

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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