Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 5% - Should You Sell?

Key Points

• Transportadora De Gas Sa Ord B shares fell by 5%, trading as low as $26.35, following a prior close of $27.87 during mid-day trading.
• Analysts' opinions are mixed, with Citigroup raising the target price to $40.00 while Wall Street Zen downgraded the stock from "buy" to "hold."
• The company recently declared a dividend of $0.9279 per share, with a payout ratio of 43.81% which reflects the company's distribution strategy to shareholders.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares dropped 5% during mid-day trading on Monday . The company traded as low as $26.35 and last traded at $26.47. Approximately 342,516 shares traded hands during trading, an increase of 1% from the average daily volume of 338,574 shares. The stock had previously closed at $27.87.

Analysts Set New Price Targets

TGS has been the subject of several research analyst reports. Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th. Citigroup upped their target price on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, May 19th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Transportadora De Gas Sa Ord B has a consensus rating of "Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Price Performance

The company has a market cap of $3.93 billion, a PE ratio of 12.42 and a beta of 0.71. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. The stock's 50-day moving average is $27.48 and its 200 day moving average is $27.15.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently declared a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were paid a dividend of $0.9279 per share. The ex-dividend date was Monday, June 30th. Transportadora De Gas Sa Ord B's payout ratio is presently 43.81%.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in Transportadora De Gas Sa Ord B during the 4th quarter worth about $76,000. GAMMA Investing LLC boosted its position in Transportadora De Gas Sa Ord B by 13.7% in the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock valued at $95,000 after buying an additional 432 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Transportadora De Gas Sa Ord B by 1,493.8% during the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock valued at $277,000 after acquiring an additional 8,858 shares during the period. Insigneo Advisory Services LLC lifted its position in Transportadora De Gas Sa Ord B by 55.2% during the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock valued at $303,000 after purchasing an additional 4,071 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in Transportadora De Gas Sa Ord B in the fourth quarter valued at $400,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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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