Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Up 4.7% - Should You Buy?

Key Points

• Transportadora De Gas Sa Ord B's stock price increased by 4.7% recently, trading at $22.35 after closing at $21.34.
• Analysts have mixed ratings for TGS; while Citigroup has set a target price of $40.00 with a "buy" rating, Wall Street Zen has downgraded it to a "hold."
• The company recently announced a dividend of $0.9279 per share, with a payout ratio of 44.29%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock price rose 4.7% during mid-day trading on Tuesday . The company traded as high as $22.77 and last traded at $22.35. Approximately 279,833 shares traded hands during trading, a decline of 22% from the average daily volume of 359,564 shares. The stock had previously closed at $21.34.

Analysts Set New Price Targets

TGS has been the subject of a number of research reports. Santander upgraded Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th. Citigroup upped 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 research report on Monday, May 19th. Finally, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of "Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Price Performance

The stock has a market cap of $3.29 billion, a PE ratio of 10.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. The business has a fifty day moving average of $27.21 and a 200 day moving average of $27.08.

Transportadora De Gas Sa Ord B Announces Dividend

The firm also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders 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 is presently 44.29%.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of institutional investors have recently made changes to their positions in TGS. Encompass Capital Advisors LLC acquired a new position in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $25,900,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Transportadora De Gas Sa Ord B by 67.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock valued at $42,574,000 after purchasing an additional 583,991 shares in the last quarter. Fourth Sail Capital LP bought a new position in Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $4,887,000. Millennium Management LLC lifted its holdings in Transportadora De Gas Sa Ord B by 787.5% during the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company's stock worth $3,808,000 after buying an additional 127,702 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Transportadora De Gas Sa Ord B by 2,908.9% during the 1st quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company's stock worth $2,508,000 after buying an additional 91,630 shares during the last quarter. 3.29% of the stock is owned by institutional investors and hedge funds.

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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