Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Pass Above 200-Day Moving Average - Here's What Happened

Key Points

• Technical move: TGS shares crossed above their 200-day moving average of $30.29, trading as high as $31.00 and last at $30.467 on volume of 228,021 shares.
• Analyst view: Several firms have trimmed ratings (Weiss, Wall Street Zen, Zacks) but the consensus remains a Moderate Buy with a $39.50 average target (3 Buys, 2 Holds).
• Fundamentals: The company reported quarterly EPS of $0.57 and revenue of $326.2M, sports a PE of 14.5 and market cap of $4.59B, with analysts forecasting ~2.6 EPS for the year.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $30.29 and traded as high as $31.00. Transportadora De Gas Sa Ord B shares last traded at $30.4670, with a volume of 228,021 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TGS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $39.50.

Transportadora De Gas Sa Ord B Trading Up 0.7%

The company has a current ratio of 5.00, a quick ratio of 4.98 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $31.61 and a 200-day moving average of $30.29. The stock has a market cap of $4.59 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.12 and a beta of 0.76.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last posted its earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share (EPS) for the quarter. Transportadora De Gas Sa Ord B had a return on equity of 13.68% and a net margin of 24.28%.The firm had revenue of $326.20 million for the quarter. On average, analysts anticipate that Transportadora De Gas Sa Ord B will post 2.6 EPS for the current year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its stake in Transportadora De Gas Sa Ord B by 536.6% in the 4th quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company's stock valued at $135,000 after buying an additional 3,665 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Transportadora De Gas Sa Ord B by 1,027.7% in 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 in the last quarter. Uniplan Investment Counsel Inc. purchased a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $205,000. Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B in the 1st quarter valued at approximately $210,000. Finally, Vident Advisory LLC purchased a new stake in Transportadora De Gas Sa Ord B in the 4th quarter valued at approximately $234,000. Hedge funds and other institutional investors own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B Company Profile

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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