Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 1-Year Low Following Weak Earnings

Key Points

• TGS shares hit a new 52-week low, falling to $23.92 after the company reported quarterly EPS of $0.48, well below the $0.67 analyst consensus. Revenue of $349.16 million exceeded expectations of $337.23 million.
• Analyst sentiment remains generally positive: the stock has a consensus “Buy” rating, including one Strong Buy and one Buy, with an average price target of $39.00.
• Institutional ownership stands at 3.29%, with several investors increasing or initiating positions during the second quarter. TGS has a $3.53 billion market capitalization and trades at a price-to-earnings ratio of 8.97.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock price hit a new 52-week low on Friday following a weaker than expected earnings announcement. The stock traded as low as $23.92 and last traded at $23.46, with a volume of 38,800 shares changing hands. The stock had previously closed at $25.02.

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 for the quarter, compared to analysts' expectations of $337.23 million.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Transportadora De Gas Sa Ord B from a "hold" rating to a "buy" rating in a report on Saturday, October 17th. 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. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $39.00.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of institutional investors have recently made changes to their positions in TGS. ABS Direct Equity Fund LLC raised its stake in Transportadora De Gas Sa Ord B by 69.0% in the 2nd quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company's stock valued at $3,712,000 after purchasing an additional 50,980 shares during the last quarter. Arlington Capital Management Inc. acquired a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter worth $3,962,000. Engineers Gate Manager LP boosted its stake in Transportadora De Gas Sa Ord B by 49.6% during the 2nd 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 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. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the second quarter worth $926,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Price Performance

The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.51 and a beta of 0.57. The stock's 50-day moving average price is $27.40 and its 200 day moving average price is $29.82. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39.

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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