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

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) saw its stock price decline by 4.3% during trading, with a closing price of $21.28.
• Recent ratings from analysts show a trend of downgrades, with Wall Street Zen shifting from a "buy" to a "hold" rating, and a consensus price target of $40.00.
• Institutional investors are actively increasing their stakes, with notable increases from GAMMA Investing LLC and NewEdge Advisors LLC during the first quarter of the year.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock price fell 4.3% during trading on Monday . The company traded as low as $21.40 and last traded at $21.28. 166,209 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 397,756 shares. The stock had previously closed at $22.25.

Wall Street Analyst Weigh In

A number of research firms have commented on TGS. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Weiss Ratings reiterated a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Stock Down 2.4%

The company's 50 day moving average price is $24.12 and its two-hundred day moving average price is $26.21. The firm has a market cap of $3.27 billion, a PE ratio of 10.34 and a beta of 0.72. The company has a current ratio of 3.35, a quick ratio of 3.31 and a debt-to-equity ratio of 0.23.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TGS. GAMMA Investing LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 13.7% during the 1st 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 in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 28.8% during the 1st 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 in the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter valued at $443,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter valued at $488,000. Finally, Insigneo Advisory Services LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 84.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 21,129 shares of the energy company's stock valued at $547,000 after buying an additional 9,687 shares in 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.

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