Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Gap Down - Here's What Happened

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) shares gapped down ahead of trading on Monday, opening at $22.07 after closing at $26.44.
• Analyst ratings reflect a mixed outlook with Citigroup raising its price target to $40.00, while Wall Street Zen downgraded its rating from "buy" to "hold".
• The company has declared a dividend of $0.9279, with a current dividend payout ratio of 44.29% as of the last dividend payment date.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $26.44, but opened at $22.07. Transportadora De Gas Sa Ord B shares last traded at $22.01, with a volume of 708,980 shares changing hands.

Analyst Ratings Changes

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

Transportadora De Gas Sa Ord B Price Performance

The company has a 50 day moving average price of $27.30 and a 200 day moving average price of $27.12. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.34 and a beta of 0.82. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23.

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 $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 currently 44.29%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TGS. Point72 Asset Management L.P. acquired a new position in Transportadora De Gas Sa Ord B during the 4th quarter worth approximately $76,000. GAMMA Investing LLC grew its stake in shares of 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 worth $95,000 after acquiring an additional 432 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in 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 purchasing an additional 4,071 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after buying an additional 2,725 shares during the period. Finally, Bank of America Corp DE grew its position 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 buying an additional 11,263 shares during the last quarter. 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 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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