Analysts Set $24.00 Target Price for Transportadora de Gas del Sur SA (TGS)

Transportadora de Gas del Sur SA (NYSE:TGS) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Transportadora de Gas del Sur’s rating score has declined by 20% from 90 days ago as a result of a number of analysts’ ratings changes.

Brokers have set a one year consensus target price of $24.00 for the company and are predicting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned Transportadora de Gas del Sur an industry rank of 234 out of 265 based on the ratings given to related companies.

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TGS has been the subject of several research reports. Morgan Stanley cut shares of Transportadora de Gas del Sur from an “overweight” rating to an “equal weight” rating and set a $25.00 price objective for the company. in a research note on Tuesday, March 13th. Santander raised shares of Transportadora de Gas del Sur from an “underweight” rating to a “hold” rating in a research note on Wednesday, January 17th. Finally, Zacks Investment Research cut shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th.

Institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in Transportadora de Gas del Sur during the 4th quarter worth $205,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Transportadora de Gas del Sur during the 3rd quarter worth $237,000. Invictus RG purchased a new stake in Transportadora de Gas del Sur during the 3rd quarter worth $254,000. Advisor Group Inc. boosted its position in Transportadora de Gas del Sur by 304.2% during the 3rd quarter. Advisor Group Inc. now owns 13,658 shares of the energy company’s stock worth $277,000 after purchasing an additional 10,279 shares during the period. Finally, Geode Capital Management LLC purchased a new stake in Transportadora de Gas del Sur during the 4th quarter worth $304,000. 9.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Transportadora de Gas del Sur (NYSE:TGS) opened at $19.05 on Monday. Transportadora de Gas del Sur has a 12 month low of $13.73 and a 12 month high of $24.22. The stock has a market cap of $3,027.03, a price-to-earnings ratio of 20.93 and a beta of 1.21. The company has a current ratio of 1.55, a quick ratio of 1.53 and a debt-to-equity ratio of 0.60.

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About Transportadora de Gas del Sur

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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