Weiss Ratings Reiterates "Hold (C)" Rating for Transportadora De Gas Sa Ord B (NYSE:TGS)

Key Points

• Weiss Ratings has reiterated a "Hold (C)" rating for Transportadora De Gas Sa Ord B (NYSE:TGS), reflecting a cautious outlook on the stock.
• On July 26th, Wall Street Zen downgraded TGS from a "buy" to a "hold" rating, influencing investor sentiment.
• The company's stock has a current market capitalization of $3.39 billion and is experiencing volatility, with a one year low of $19.74 and a high of $34.37.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen downgraded Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS opened at $22.51 on Friday. 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 stock has a 50-day moving average of $23.46 and a 200-day moving average of $26.14. The company has a market cap of $3.39 billion, a PE ratio of 10.72 and a beta of 0.72. Transportadora De Gas Sa Ord B has a one year low of $19.74 and a one year high of $34.37.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Several hedge funds have recently modified their holdings of TGS. Encompass Capital Advisors LLC bought a new position in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $25,900,000. Fourth Sail Capital LP bought a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $4,887,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Transportadora De Gas Sa Ord B by 9.2% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company's stock worth $42,154,000 after buying an additional 137,032 shares in the last quarter. Millennium Management LLC lifted its position in shares of 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 in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth approximately $2,341,000. Institutional investors 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.

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