Transportadora De Gas Sa Ord B (NYSE:TGS) Sets New 52-Week Low - Here's Why

Key Points

• TGS hit a new 52-week low, trading as low as $21.33 and last at $21.248, below its previous close of $21.55.
• In its latest quarter, the company reported EPS of $0.49, missing the $0.67 consensus estimate, while revenue of $349.16 million exceeded forecasts of $337.23 million.
• Analyst opinions are mixed, but the stock has an overall MarketBeat rating of Buy; ratings cited range from Hold to Strong Buy.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $21.33 and last traded at $21.2480, with a volume of 191,250 shares changing hands. The stock had previously closed at $21.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TGS shares. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, September 28th. Zacks Research raised shares of Transportadora De Gas Sa Ord B from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 21st. Finally, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Transportadora De Gas Sa Ord B Price Performance

The company's fifty day moving average price is $26.46 and its two-hundred day moving average price is $29.54. The company has a quick ratio of 3.10, a current ratio of 3.11 and a debt-to-equity ratio of 0.43. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.35, a PEG ratio of 0.45 and a beta of 0.58.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last issued its quarterly earnings data on Thursday, October 29th. The energy company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.18). The company had revenue of $349.16 million for the quarter, compared to analyst estimates of $337.23 million. Transportadora De Gas Sa Ord B had a return on equity of 14.29% and a net margin of 26.02%. On average, equities research analysts forecast that Transportadora De Gas Sa Ord B will post 2.62 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fifth Third Bancorp boosted its position in shares of Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company's stock worth $57,000 after buying an additional 890 shares during the period. Janney Montgomery Scott LLC bought a new stake in Transportadora De Gas Sa Ord B in the 1st quarter valued at approximately $210,000. Systrade AG bought a new stake in Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $743,000. Engineers Gate Manager LP boosted its position 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 acquiring an additional 8,930 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $926,000. Institutional investors and hedge funds own 3.29% of the company's stock.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur S.A. (TGS) is an Argentine energy infrastructure company that transports natural gas and provides related processing and midstream services. Its pipeline network carries gas from producing regions in southern and central Argentina to consumers and distribution systems, including markets around Buenos Aires. TGS also processes natural gas and produces natural gas liquids, including ethane, propane, butane and gasoline, for domestic and export markets. Its services include gas treatment, gathering and other infrastructure work for energy producers, including in the Vaca Muerta region.

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