Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Transportadora De Gas Sa Ord B has recently traded above its 200-day moving average, reaching a high of $29.80, with the last traded price at $28.67.
• Equities analysts have mixed views, with Santander upgrading the stock to "outperform," while Wall Street Zen downgraded it to "hold." Citigroup increased its target price to $40.00 with a "buy" rating.
• The firm announced a dividend of $0.9279, with a payout ratio of 37.05%, reflecting its commitment to returning value to shareholders.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.17 and traded as high as $29.80. Transportadora De Gas Sa Ord B shares last traded at $28.67, with a volume of 343,166 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th. Wall Street Zen cut Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Citigroup lifted their target price on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, May 19th.

Transportadora De Gas Sa Ord B Stock Down 2.2%

The company has a current ratio of 2.97, a quick ratio of 2.94 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.42 and a beta of 0.71. The stock has a fifty day moving average of $27.49 and a 200-day moving average of $27.17.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Stockholders of record on Monday, June 30th were given 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 37.05%.

Institutional Trading of Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $76,000. GAMMA Investing LLC boosted its position 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 buying an additional 432 shares during the period. Insigneo Advisory Services LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $216,000. NewEdge Advisors LLC boosted its position in shares of Transportadora De Gas Sa Ord B by 1,493.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock worth $277,000 after buying an additional 8,858 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth $400,000. Institutional investors and hedge funds own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B Company Profile

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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