Transportadora De Gas Sa Ord B (NYSE:TGS) Reaches New 12-Month High - Should You Buy?

Key Points

• 52-week high: TGS reached a new 52-week high of $35.90 and was last at $35.16 (up ~2.8%), while the analyst consensus is a Moderate Buy with a consensus target of $39.50.
• Solid fundamentals: The company has a $5.32B market cap, P/E of 16.82, PEG 1.15, strong liquidity (current ratio 3.72, quick ratio 3.67), low debt-to-equity (0.24), and posted $0.57 EPS with a 24.28% net margin last quarter.
• Mixed analyst views: Several firms have downgraded TGS recently (e.g., Wall Street Zen and Zacks moved to Hold), leaving a split of three Buy and two Hold ratings from covering analysts.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $35.90 and last traded at $35.1640, with a volume of 52492 shares. The stock had previously closed at $34.37.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reissued a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Monday, December 29th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Sunday, March 15th. Finally, Zacks Research cut Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B presently has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Stock Up 2.8%

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 firm's fifty day moving average price is $30.75 and its 200-day moving average price is $28.66. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.84.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last issued its quarterly earnings data on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. The business had revenue of $326.20 million for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 14.05% and a net margin of 24.28%. Sell-side analysts predict that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several institutional investors have recently modified their holdings of TGS. Lester Murray Antman dba SimplyRich grew its position in shares of Transportadora De Gas Sa Ord B by 1.4% in the 4th quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company's stock valued at $2,033,000 after purchasing an additional 902 shares during the period. NewEdge Advisors LLC raised its holdings in Transportadora De Gas Sa Ord B by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock worth $322,000 after buying an additional 2,725 shares during the period. Van ECK Associates Corp lifted its stake in Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company's stock valued at $135,000 after buying an additional 3,665 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Transportadora De Gas Sa Ord B by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company's stock valued at $2,954,000 after buying an additional 4,347 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. acquired a new position in shares of Transportadora De Gas Sa Ord B in the fourth quarter valued at approximately $205,000. Institutional investors own 3.29% of the company's stock.

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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