Transportadora de Gas del Sur (NYSE:TGS) Upgraded at ValuEngine

ValuEngine upgraded shares of Transportadora de Gas del Sur (NYSE:TGS) from a sell rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded Transportadora de Gas del Sur from a hold rating to a strong-buy rating and set a $18.00 price target on the stock in a report on Thursday.

Shares of TGS stock traded up $0.03 on Thursday, reaching $14.88. 16,007 shares of the company’s stock traded hands, compared to its average volume of 378,858. Transportadora de Gas del Sur has a 12-month low of $8.81 and a 12-month high of $17.78. The company has a quick ratio of 3.01, a current ratio of 3.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2.33 billion, a P/E ratio of 7.54 and a beta of 0.54. The company has a 50 day moving average of $15.03.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings results on Friday, May 10th. The energy company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. Transportadora de Gas del Sur had a return on equity of 55.91% and a net margin of 33.04%. The business had revenue of $277.30 million for the quarter. On average, equities research analysts expect that Transportadora de Gas del Sur will post 1.38 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Gruss & Co. Inc. purchased a new position in shares of Transportadora de Gas del Sur during the first quarter valued at $484,000. Bienville Capital Management LLC grew its holdings in shares of Transportadora de Gas del Sur by 18.5% during the first quarter. Bienville Capital Management LLC now owns 904,049 shares of the energy company’s stock valued at $11,898,000 after buying an additional 141,191 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Transportadora de Gas del Sur by 214.6% during the fourth quarter. Legal & General Group Plc now owns 57,931 shares of the energy company’s stock valued at $868,000 after buying an additional 39,519 shares in the last quarter. Alpine Global Management LLC purchased a new position in Transportadora de Gas del Sur in the first quarter valued at about $566,000. Finally, Oaktree Capital Management LP grew its stake in Transportadora de Gas del Sur by 37.0% in the first quarter. Oaktree Capital Management LP now owns 689,000 shares of the energy company’s stock valued at $9,066,000 after purchasing an additional 186,000 shares in the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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