Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Down 4.6% - Here's Why

Key Points

• Shares fell 4.6% to about $31.67 (intraday low $31.63) on Tuesday, with trading volume ~135,323 shares—about 51% below the average session volume—after a prior close of $33.21.
• Analyst sentiment has softened with recent downgrades from Weiss, Zacks and Wall Street Zen, though MarketBeat's consensus remains a "Moderate Buy" with a consensus price target of $39.50.
• TGS reported Q4 EPS of $0.57 on $326.2M revenue (net margin 24.28%), has a market cap of $4.78B and a PE of 15.08, and saw notable institutional buying such as Millennium Management increasing its stake by 787.5%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares fell 4.6% on Tuesday . The stock traded as low as $31.63 and last traded at $31.6710. 135,323 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 275,148 shares. The stock had previously closed at $33.21.

Wall Street Analyst Weigh In

TGS has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a report on Monday, December 29th. Zacks Research downgraded Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a report on Monday, January 26th. Finally, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Sunday, March 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Transportadora De Gas Sa Ord B presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.50.

Transportadora De Gas Sa Ord B Trading Down 4.3%

The business's 50-day moving average is $31.39 and its two-hundred day moving average is $29.61. The company has a current ratio of 3.72, a quick ratio of 3.67 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $4.78 billion, a PE ratio of 15.08, a PEG ratio of 1.23 and a beta of 0.76.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last announced its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 earnings per share for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.28% and a return on equity of 14.05%. The firm had revenue of $326.20 million during the quarter. On average, analysts predict that Transportadora De Gas Sa Ord B will post 1.96 earnings per share for the current year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC boosted its position in Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company's stock valued at $3,808,000 after buying an additional 127,702 shares during the last quarter. NewEdge Advisors LLC boosted its position in Transportadora De Gas Sa Ord B by 28.8% in 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 during the last quarter. JPMorgan Chase & Co. boosted its position in Transportadora De Gas Sa Ord B by 4.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company's stock valued at $2,954,000 after buying an additional 4,347 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Transportadora De Gas Sa Ord B by 11.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company's stock valued at $4,723,000 after buying an additional 18,009 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Transportadora De Gas Sa Ord B by 22.4% in the 2nd quarter. Marshall Wace LLP now owns 117,680 shares of the energy company's stock valued at $3,048,000 after buying an additional 21,520 shares during the last quarter. 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 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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