Zacks: Transportadora de Gas del Sur SA ADR (TGS) Given Consensus Rating of “Hold” by Analysts

Transportadora de Gas del Sur SA ADR (NYSE:TGS) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokers have set a twelve-month consensus price target of $20.50 for the company and are expecting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Transportadora de Gas del Sur an industry rank of 161 out of 255 based on the ratings given to its competitors.

TGS has been the subject of several research analyst reports. ValuEngine lowered Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 4th. Zacks Investment Research raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday. TheStreet raised Transportadora de Gas del Sur from a “c+” rating to a “b-” rating in a research note on Wednesday, February 13th. Finally, Santander raised Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a research note on Tuesday, February 26th.

A number of hedge funds have recently modified their holdings of the business. Deltec Asset Management LLC lifted its stake in Transportadora de Gas del Sur by 6.7% during the first quarter. Deltec Asset Management LLC now owns 16,000 shares of the energy company’s stock worth $211,000 after purchasing an additional 1,000 shares during the last quarter. Oaktree Capital Management LP lifted its stake in Transportadora de Gas del Sur by 57.2% during the fourth quarter. Oaktree Capital Management LP now owns 503,000 shares of the energy company’s stock worth $7,545,000 after purchasing an additional 183,000 shares during the last quarter. Millennium Management LLC lifted its stake in Transportadora de Gas del Sur by 60.2% during the fourth quarter. Millennium Management LLC now owns 200,644 shares of the energy company’s stock worth $3,010,000 after purchasing an additional 75,410 shares during the last quarter. Legal & General Group Plc lifted its stake in Transportadora de Gas del Sur by 214.6% during the fourth quarter. Legal & General Group Plc now owns 57,931 shares of the energy company’s stock worth $868,000 after purchasing an additional 39,519 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in Transportadora de Gas del Sur during the fourth quarter worth about $3,820,000. 8.44% of the stock is owned by hedge funds and other institutional investors.

NYSE:TGS opened at $10.05 on Wednesday. The firm has a market cap of $1.56 billion, a P/E ratio of 5.15 and a beta of 0.90. Transportadora de Gas del Sur has a 52-week low of $8.81 and a 52-week high of $19.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 3.24 and a quick ratio of 3.19.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings data on Thursday, March 7th. The energy company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $1.07. The company had revenue of $243.95 million during the quarter. Transportadora de Gas del Sur had a return on equity of 76.25% and a net margin of 35.44%. Equities research analysts anticipate that Transportadora de Gas del Sur will post 1.53 EPS for the current year.

The company also recently declared a dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 22nd were paid a dividend of $1.019 per share. The ex-dividend date was Thursday, April 18th. This is a positive change from Transportadora de Gas del Sur’s previous dividend of $0.27. Transportadora de Gas del Sur’s payout ratio is 78.97%.

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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