Transportadora De Gas Sa Ord B (NYSE:TGS) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Separately, Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $39.50.

Transportadora De Gas Sa Ord B Price Performance

TGS opened at $29.44 on Tuesday. The company’s 50 day simple moving average is $31.72 and its 200 day simple moving average is $30.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. Transportadora De Gas Sa Ord B has a 1 year low of $19.74 and a 1 year high of $36.35. The stock has a market capitalization of $4.43 billion, a PE ratio of 13.32, a P/E/G ratio of 1.04 and a beta of 0.63.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its quarterly earnings results on Saturday, February 14th. The energy company reported $0.57 EPS for the quarter. Transportadora De Gas Sa Ord B had a net margin of 24.56% and a return on equity of 14.03%. The firm had revenue of $326.20 million for the quarter. As a group, sell-side analysts expect that Transportadora De Gas Sa Ord B will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Fifth Third Bancorp raised its holdings in Transportadora De Gas Sa Ord B by 116.0% in the first 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. Lester Murray Antman dba SimplyRich raised its holdings in Transportadora De Gas Sa Ord B by 1.4% in the fourth quarter. Lester Murray Antman dba SimplyRich now owns 65,396 shares of the energy company’s stock valued at $2,033,000 after buying an additional 902 shares during the period. NewEdge Advisors LLC raised its holdings in Transportadora De Gas Sa Ord B by 28.8% in the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company’s stock valued at $322,000 after buying an additional 2,725 shares during the period. Van ECK Associates Corp raised its holdings in Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after buying an additional 3,665 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Transportadora De Gas Sa Ord B by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 114,073 shares of the energy company’s stock valued at $2,954,000 after purchasing an additional 4,347 shares during the period. Hedge funds and other institutional investors own 3.29% of the company’s stock.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina?based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state?owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by?products.