Santander upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from an underweight rating to a hold rating in a report released on Wednesday, The Fly reports.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised Transportadora De Gas Sa Ord B from a hold rating to a strong-buy rating and set a $27.00 target price for the company in a research report on Wednesday, December 27th. Morgan Stanley assumed coverage on Transportadora De Gas Sa Ord B in a report on Tuesday, September 19th. They issued an overweight rating and a $25.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $26.00.
Transportadora De Gas Sa Ord B (NYSE:TGS) traded down $0.33 during trading on Wednesday, hitting $23.27. The stock had a trading volume of 227,294 shares, compared to its average volume of 220,520. Transportadora De Gas Sa Ord B has a one year low of $9.72 and a one year high of $24.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.55 and a quick ratio of 1.49. The firm has a market capitalization of $1,840.00, a P/E ratio of 30.62 and a beta of 1.14.
Transportadora De Gas Sa Ord B (NYSE:TGS) last released its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. Transportadora De Gas Sa Ord B had a return on equity of 66.26% and a net margin of 21.43%. equities research analysts predict that Transportadora De Gas Sa Ord B will post 0.98 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in TGS. PointState Capital LP increased 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 acquiring an additional 703,819 shares during the last quarter. Schroder Investment Management Group acquired a new stake in Transportadora De Gas Sa Ord B during the 3rd quarter worth about $11,621,000. JPMorgan Chase & Co. acquired a new stake in Transportadora De Gas Sa Ord B during the 3rd quarter worth about $5,641,000. Wasatch Advisors Inc. lifted its position in Transportadora De Gas Sa Ord B by 35.8% during the 2nd quarter. Wasatch Advisors Inc. now owns 952,094 shares of the energy company’s stock worth $15,814,000 after acquiring an additional 251,215 shares during the period. Finally, Wells Fargo & Company MN lifted its position in Transportadora De Gas Sa Ord B by 56.7% during the 2nd quarter. Wells Fargo & Company MN now owns 402,951 shares of the energy company’s stock worth $6,637,000 after acquiring an additional 145,800 shares during the period. 8.89% of the stock is owned by institutional investors.
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About Transportadora De Gas Sa Ord B
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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