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

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)'s stock price gapped down before the market opened 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 traded.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen cut Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup upped their price objective on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Stock Down 6.1%

The stock has a market cap of $3.20 billion, a PE ratio of 10.11 and a beta of 0.82. The firm has a fifty day moving average of $26.86 and a 200 day moving average of $26.96. The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 30th were issued 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 is 43.81%.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in Transportadora De Gas Sa Ord B in the fourth quarter valued at $76,000. GAMMA Investing LLC increased its holdings 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. Insigneo Advisory Services LLC increased its holdings in Transportadora De Gas Sa Ord B by 55.2% in the first quarter. Insigneo Advisory Services LLC now owns 11,442 shares of the energy company's stock valued at $303,000 after buying an additional 4,071 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Transportadora De Gas Sa Ord B by 28.8% in 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 last quarter. Finally, Bank of America Corp DE increased its holdings in Transportadora De Gas Sa Ord B by 339.0% in the fourth quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock valued at $427,000 after buying an additional 11,263 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company's stock.

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.