Transportadora De Gas Sa Ord B (NYSE:TGS) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Transportadora De Gas Sa Ord B (NYSE:TGS) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Bank of America reissued a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. Finally, Wall Street Zen raised Transportadora De Gas Sa Ord B from a “hold” rating to a “buy” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Transportadora De Gas Sa Ord B presently has a consensus rating of “Hold” and a consensus target price of $39.00.

Transportadora De Gas Sa Ord B Price Performance

Transportadora De Gas Sa Ord B stock opened at $29.71 on Monday. Transportadora De Gas Sa Ord B has a 12-month low of $19.74 and a 12-month high of $36.35. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $30.49 and a 200-day moving average price of $30.91. The firm has a market capitalization of $4.47 billion, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Fundamenta Capital S.A. bought a new stake in Transportadora De Gas Sa Ord B during the 4th quarter valued at about $18,565,000. Moneda S.A. Administradora General de Fondos bought a new position in Transportadora De Gas Sa Ord B in the 3rd quarter worth about $3,418,000. Helikon Investments Ltd grew its stake in Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock worth $102,077,000 after acquiring an additional 386,015 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $1,620,000. Finally, Crocodile Capital Partners GmbH purchased a new position in shares of Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $777,000. 3.29% of the stock is currently owned by institutional investors.

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.