Transportadora de Gas del Sur (NYSE:TGS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday, Zacks.com reports. The brokerage presently has a $9.25 price target on the energy company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.62% from the company’s current price.

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 analysts have also recently weighed in on TGS. ValuEngine raised shares of Transportadora de Gas del Sur from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet cut shares of Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a report on Tuesday, August 27th. Finally, Morgan Stanley cut shares of Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $9.25.

Transportadora de Gas del Sur stock opened at $8.07 on Friday. The stock has a market cap of $1.25 billion, a P/E ratio of 4.14 and a beta of 0.88. The company has a quick ratio of 2.38, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. Transportadora de Gas del Sur has a twelve month low of $6.05 and a twelve month high of $17.00. The company’s 50-day moving average price is $8.22 and its two-hundred day moving average price is $11.69.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings results on Friday, August 16th. The energy company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $230.99 million for the quarter. Transportadora de Gas del Sur had a net margin of 39.65% and a return on equity of 52.61%. Equities analysts anticipate that Transportadora de Gas del Sur will post 1.47 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in TGS. BlackRock Inc. increased its holdings in shares of Transportadora de Gas del Sur by 914.8% during the second quarter. BlackRock Inc. now owns 3,502,133 shares of the energy company’s stock worth $50,640,000 after purchasing an additional 3,157,034 shares during the period. Northern Trust Corp increased its holdings in shares of Transportadora de Gas del Sur by 1,050.4% during the second quarter. Northern Trust Corp now owns 478,952 shares of the energy company’s stock worth $6,926,000 after purchasing an additional 437,317 shares during the period. Vanguard Group Inc. bought a new position in shares of Transportadora de Gas del Sur during the second quarter worth approximately $5,332,000. Oaktree Capital Management LP increased its holdings in shares of Transportadora de Gas del Sur by 51.4% during the second quarter. Oaktree Capital Management LP now owns 1,043,000 shares of the energy company’s stock worth $15,082,000 after purchasing an additional 354,000 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Transportadora de Gas del Sur during the second quarter worth approximately $4,557,000. 10.58% of the stock is currently owned by institutional investors.

About Transportadora de Gas del Sur

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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