Transportadora de Gas del Sur (NYSE:TGS) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Transportadora de Gas del Sur (NYSE:TGS) from a strong-buy rating to a buy rating in a research note published on Thursday.

Separately, TheStreet upgraded Transportadora de Gas del Sur from a c rating to a b- rating in a report on Tuesday, January 2nd.

Transportadora de Gas del Sur Stock Performance

NYSE:TGS opened at $15.10 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.49 and a current ratio of 3.56. Transportadora de Gas del Sur has a 52-week low of $9.50 and a 52-week high of $15.77. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 53.93 and a beta of 0.69. The business’s fifty day moving average is $13.85 and its 200 day moving average is $12.97.

Transportadora de Gas del Sur (NYSE:TGS) last announced its earnings results on Monday, March 4th. The energy company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.40). The business had revenue of $249.63 million during the quarter, compared to the consensus estimate of $227.09 million. Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. Research analysts predict that Transportadora de Gas del Sur will post 0.07 EPS for the current year.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Several institutional investors and hedge funds have recently bought and sold shares of TGS. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter worth approximately $25,000. Point72 Asset Management L.P. bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth approximately $26,000. Tower Research Capital LLC TRC bought a new position in shares of Transportadora de Gas del Sur in the 1st quarter worth approximately $27,000. Blue Trust Inc. bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth approximately $41,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Transportadora de Gas del Sur in the 2nd quarter worth approximately $66,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.