Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Up 5.9% - Still a Buy?

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) saw its stock price increase by 5.9%, closing at $29.45 after trading as high as $29.44.
• Analyst ratings varied, with Santander upgrading TGS to "outperform," while Wall Street Zen downgraded it to "hold"; Citigroup set a new price target of $40.00 with a "buy" rating.
• The company recently announced a dividend of $0.9279 per share, highlighting a dividend payout ratio of 37.05%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) was up 5.9% on Tuesday . The stock traded as high as $29.44 and last traded at $29.45. Approximately 76,950 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 336,254 shares. The stock had previously closed at $27.82.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Santander raised Transportadora De Gas Sa Ord B to an "outperform" rating in a research report on Wednesday, May 14th. Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Citigroup increased their price objective 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 Price Performance

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.97 and a quick ratio of 2.94. The stock has a 50 day moving average price of $27.66 and a two-hundred day moving average price of $27.16. The firm has a market capitalization of $4.51 billion, a price-to-earnings ratio of 11.90 and a beta of 0.69.

Transportadora De Gas Sa Ord B Dividend Announcement

The business also recently announced a -- dividend, which was paid on Tuesday, July 8th. Shareholders of record on Monday, June 30th were issued a dividend of $0.9279 per share. The ex-dividend date of this dividend was Monday, June 30th. Transportadora De Gas Sa Ord B's dividend payout ratio (DPR) is presently 37.05%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. Janney Montgomery Scott LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the first quarter worth about $443,000. GAMMA Investing LLC increased its position in shares of Transportadora De Gas Sa Ord B by 13.7% during the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after acquiring an additional 432 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth about $2,805,000. TT International Asset Management LTD increased its position in shares of Transportadora De Gas Sa Ord B by 3.1% during the first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after acquiring an additional 37,083 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new stake in Transportadora De Gas Sa Ord B in the first quarter valued at about $611,000. Institutional investors and hedge funds 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.