Transportadora De Gas Sa Ord B (NYSE:TGS) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give TGS a consensus recommendation of Moderate Buy (three buy, two hold) with an average 12‑month price target of $39.50.
• Shares opened at $30.79, valuing the company at $4.64 billion with a PE of 13.45 and P/E/G of 1.31; the 52‑week range is $19.74–$34.10.
• Several institutional investors (including VanEck, BNP Paribas and Invesco) have recently increased or initiated positions, though only 3.29% of the stock is held by institutions.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $39.50.

Several brokerages have commented on TGS. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Sunday. Zacks Research lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research report on Monday, December 29th.

Transportadora De Gas Sa Ord B Trading Up 0.5%

Shares of NYSE:TGS opened at $30.79 on Friday. The company has a market cap of $4.64 billion, a PE ratio of 13.45, a P/E/G ratio of 1.31 and a beta of 0.84. The company's 50-day moving average price is $30.06 and its 200 day moving average price is $28.12. Transportadora De Gas Sa Ord B has a fifty-two week low of $19.74 and a fifty-two week high of $34.10. The company has a quick ratio of 3.67, a current ratio of 3.72 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Van ECK Associates Corp raised its stake in shares of Transportadora De Gas Sa Ord B by 536.6% during the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company's stock valued at $135,000 after purchasing an additional 3,665 shares in the last quarter. Uniplan Investment Counsel Inc. bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $205,000. Vident Advisory LLC bought a new position in Transportadora De Gas Sa Ord B in the 4th quarter valued at about $234,000. Invesco Ltd. acquired a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $255,000. Finally, BNP Paribas Financial Markets increased its stake in Transportadora De Gas Sa Ord B by 1,027.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company's stock valued at $176,000 after buying an additional 7,646 shares during the period. 3.29% of the stock is owned by institutional investors and hedge funds.

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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