Zacks Investment Research Lowers Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) to Hold

Zacks Investment Research lowered shares of Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) from a buy rating to a hold rating in a research note issued to investors on Thursday, September 20th.

According to Zacks, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area. “

Several other research firms have also issued reports on TGS. ValuEngine lowered Transportadora de Gas del Sur SA ADR Class B from a hold rating to a sell rating in a research report on Tuesday, August 7th. Santander upgraded Transportadora de Gas del Sur SA ADR Class B from a hold rating to a buy rating in a research report on Wednesday, August 8th. Finally, TheStreet lowered Transportadora de Gas del Sur SA ADR Class B from a b rating to a c+ rating in a research report on Tuesday, August 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $20.50.

Shares of Transportadora de Gas del Sur SA ADR Class B stock traded up $0.61 during trading on Thursday, reaching $13.76. The company’s stock had a trading volume of 91,864 shares, compared to its average volume of 242,084. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 12.86 and a beta of 1.22. Transportadora de Gas del Sur SA ADR Class B has a one year low of $10.72 and a one year high of $24.22. The company has a quick ratio of 5.69, a current ratio of 5.83 and a debt-to-equity ratio of 2.03.

Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) last announced its quarterly earnings data on Wednesday, August 8th. The energy company reported $0.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The firm had revenue of $295.38 million during the quarter. Transportadora de Gas del Sur SA ADR Class B had a return on equity of 70.24% and a net margin of 23.69%. As a group, sell-side analysts anticipate that Transportadora de Gas del Sur SA ADR Class B will post 0.58 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Wednesday, September 19th. Investors of record on Wednesday, September 19th were given a $0.273 dividend. The ex-dividend date of this dividend was Tuesday, September 18th. Transportadora de Gas del Sur SA ADR Class B’s dividend payout ratio is presently 67.29%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northern Trust Corp acquired a new position in Transportadora de Gas del Sur SA ADR Class B during the 2nd quarter worth approximately $410,000. Highland Capital Management LP boosted its position in Transportadora de Gas del Sur SA ADR Class B by 7.8% during the 2nd quarter. Highland Capital Management LP now owns 276,718 shares of the energy company’s stock worth $3,359,000 after acquiring an additional 20,000 shares during the last quarter. Glen Point Capital LLP acquired a new position in Transportadora de Gas del Sur SA ADR Class B during the 2nd quarter worth approximately $3,003,000. Newfoundland Capital Management boosted its position in Transportadora de Gas del Sur SA ADR Class B by 383.9% during the 2nd quarter. Newfoundland Capital Management now owns 1,102,012 shares of the energy company’s stock worth $13,378,000 after acquiring an additional 874,260 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in Transportadora de Gas del Sur SA ADR Class B during the 2nd quarter worth approximately $126,000. Institutional investors and hedge funds own 9.38% of the company’s stock.

Transportadora de Gas del Sur SA ADR Class B Company Profile

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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