Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded TGS from “buy” to “hold,” following similar moves by Zacks Research and Weiss Ratings. The stock has a consensus “hold” rating and an average price target of $39.00.
• TGS shares opened at $28.12, with a market capitalization of $4.23 billion and a 52-week range of $19.74 to $36.35. The company’s latest quarterly EPS of $0.60 missed estimates by $0.03, though revenue of $360.86 million exceeded expectations.
• Several institutional investors increased their positions, including SPX Gestao de Recursos and Banco BTG Pactual. Institutional investors collectively own 3.29% of TGS.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

A number of other equities analysts have also weighed in on the stock. Zacks Research lowered shares of Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Weiss Ratings reissued a "hold (c-)" rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Finally, Bank of America restated a "buy" rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B currently has a consensus rating of "Hold" and an average target price of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $28.12 on Friday. The firm has a market cap of $4.23 billion, a P/E ratio of 12.72, a PEG ratio of 0.58 and a beta of 0.63. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $36.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm's 50 day moving average price is $29.87 and its two-hundred day moving average price is $30.59.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The company had revenue of $360.86 million for the quarter, compared to the consensus estimate of $286.98 million. On average, analysts forecast that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current fiscal year.

Institutional Trading of Transportadora De Gas Sa Ord B

A number of institutional investors have recently made changes to their positions in the business. Helikon Investments Ltd grew its position in Transportadora De Gas Sa Ord B by 13.3% in the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company's stock valued at $102,077,000 after purchasing an additional 386,015 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Transportadora De Gas Sa Ord B by 9.2% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company's stock valued at $42,154,000 after buying an additional 137,032 shares during the last quarter. SPX Gestao de Recursos Ltda increased its stake in Transportadora De Gas Sa Ord B by 108.7% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company's stock valued at $37,520,000 after buying an additional 628,438 shares during the last quarter. Banco BTG Pactual S.A. lifted its position in Transportadora De Gas Sa Ord B by 143.2% during the 3rd quarter. Banco BTG Pactual S.A. now owns 201,014 shares of the energy company's stock worth $4,227,000 after buying an additional 118,357 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Transportadora De Gas Sa Ord B by 11.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 182,354 shares of the energy company's stock worth $4,723,000 after buying an additional 18,009 shares in the last quarter. Institutional investors own 3.29% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source