Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 4.3% - What's Next?

Key Points

• Transportadora De Gas Sa Ord B experienced a 4.3% decline in its stock price, trading as low as $21.12, with a significant decrease in trading volume (81% lower than average).
• Analysts have downgraded the stock's rating from "buy" to "hold"**, while it maintains a consensus rating of "Buy" with an average price target of $40.00.
• The company recently announced a dividend payout of $0.9279, with a dividend payout ratio of 44.29% as of June 30th.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock price was down 4.3% during mid-day trading on Thursday . The company traded as low as $21.30 and last traded at $21.12. Approximately 71,516 shares traded hands during trading, a decline of 81% from the average daily volume of 371,795 shares. The stock had previously closed at $22.06.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $40.00.

Transportadora De Gas Sa Ord B Stock Down 7.4%

The business has a fifty day simple moving average of $26.54 and a two-hundred day simple moving average of $26.89. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.07 billion, a PE ratio of 9.69 and a beta of 0.82.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were paid a $0.9279 dividend. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is 44.29%.

Institutional Trading of Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth $76,000. GAMMA Investing LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after acquiring an additional 432 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 55.2% in the 1st quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock worth $303,000 after acquiring an additional 4,071 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of Transportadora De Gas Sa Ord B by 28.8% in the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock worth $322,000 after acquiring an additional 2,725 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Transportadora De Gas Sa Ord B by 339.0% in the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock worth $427,000 after acquiring an additional 11,263 shares during the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.

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