Transportadora De Gas Sa Ord B (NYSE:TGS) Hits New 52-Week Low After Earnings Miss

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price hit a new 52-week low during trading on Friday after the company announced weaker than expected quarterly earnings. The stock traded as low as $23.92 and last traded at $23.46, with a volume of 38,800 shares. The stock had previously closed at $25.02.

The energy company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.19). Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. The company had revenue of $349.16 million during the quarter, compared to analyst estimates of $337.23 million.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TGS. Wall Street Zen upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Weiss Ratings raised shares of Transportadora De Gas Sa Ord B from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, September 28th. Finally, Zacks Research upgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $39.00.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently modified their holdings of the business. Fifth Third Bancorp raised its holdings in Transportadora De Gas Sa Ord B by 116.0% in the 1st quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock valued at $57,000 after buying an additional 890 shares during the period. Janney Montgomery Scott LLC acquired a new position in Transportadora De Gas Sa Ord B in the first quarter valued at about $210,000. Systrade AG purchased a new position in Transportadora De Gas Sa Ord B during the second quarter worth about $743,000. Engineers Gate Manager LP boosted its stake in Transportadora De Gas Sa Ord B by 49.6% during the second quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock worth $801,000 after buying an additional 8,930 shares during the period. Finally, FNY Investment Advisers LLC purchased a new position in Transportadora De Gas Sa Ord B during the second quarter worth about $926,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Trading Down 6.4%

The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 0.51 and a beta of 0.57. The business’s 50-day simple moving average is $27.40 and its two-hundred day simple moving average is $29.82. The company has a quick ratio of 5.08, a current ratio of 5.11 and a debt-to-equity ratio of 0.39.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentine energy infrastructure company engaged primarily in the transportation and processing of natural gas. It operates one of Argentina’s largest gas pipeline systems, connecting major producing regions in the south and west of the country with industrial, commercial, residential and power-generation customers.

The company also processes natural gas at its Cerri complex near Bahía Blanca, where it extracts and markets natural gas liquids, including ethane, propane, butane and natural gasoline.