Transportadora De Gas Sa Ord B (NYSE:TGS) Downgraded by Zacks Investment Research

Transportadora De Gas Sa Ord B (NYSE:TGS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Friday, January 5th.

According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “

Several other equities research analysts have also issued reports on TGS. Morgan Stanley started coverage on shares of Transportadora De Gas Sa Ord B in a research note on Tuesday, September 19th. They set an “overweight” rating and a $25.00 price target for the company. Santander lowered shares of Transportadora De Gas Sa Ord B from a “hold” rating to an “underweight” rating in a research note on Friday, December 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $26.00.

Shares of Transportadora De Gas Sa Ord B (NYSE TGS) traded up $0.52 during mid-day trading on Friday, hitting $22.55. 197,900 shares of the stock traded hands, compared to its average volume of 202,925. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.55. Transportadora De Gas Sa Ord B has a 12 month low of $9.66 and a 12 month high of $24.00. The stock has a market cap of $1,730.00, a price-to-earnings ratio of 29.67 and a beta of 1.14.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PointState Capital LP boosted its holdings in Transportadora De Gas Sa Ord B by 23.2% in the 2nd quarter. PointState Capital LP now owns 3,731,715 shares of the energy company’s stock worth $61,984,000 after buying an additional 703,819 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Transportadora De Gas Sa Ord B by 2.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,517,204 shares of the energy company’s stock worth $25,201,000 after buying an additional 37,603 shares during the period. Lazard Asset Management LLC boosted its holdings in Transportadora De Gas Sa Ord B by 8.4% in the 2nd quarter. Lazard Asset Management LLC now owns 1,163,851 shares of the energy company’s stock worth $19,331,000 after buying an additional 90,060 shares during the period. Wasatch Advisors Inc. boosted its holdings in Transportadora De Gas Sa Ord B by 35.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 952,094 shares of the energy company’s stock worth $15,814,000 after buying an additional 251,215 shares during the period. Finally, Schroder Investment Management Group bought a new position in Transportadora De Gas Sa Ord B in the 3rd quarter worth approximately $11,621,000. 8.89% of the stock is owned by institutional investors.

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Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.

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