ValuEngine Lowers Transportadora de Gas del Sur SA ADR Class B (TGS) to Sell

ValuEngine cut shares of Transportadora de Gas del Sur SA ADR Class B (NYSE:TGS) from a hold rating to a sell rating in a research report released on Tuesday, August 7th.

Separately, Zacks Investment Research lowered shares of Transportadora de Gas del Sur SA ADR Class B from a hold rating to a strong sell rating in a research note on Saturday, June 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $20.50.

Shares of NYSE:TGS traded up $1.94 during midday trading on Tuesday, reaching $12.99. The company’s stock had a trading volume of 897,900 shares, compared to its average volume of 229,511. The firm has a market capitalization of $2.14 billion, a P/E ratio of 10.33 and a beta of 1.34. Transportadora de Gas del Sur SA ADR Class B has a twelve month low of $10.72 and a twelve month high of $24.22. The company has a debt-to-equity ratio of 2.03, a current ratio of 5.83 and a quick ratio of 5.69.

The company also recently declared an annual dividend, which was paid on Tuesday, August 21st. Investors of record on Tuesday, August 21st were given a dividend of $0.278 per share. This represents a yield of 1.9%. The ex-dividend date was Monday, August 20th. This is a positive change from Transportadora de Gas del Sur SA ADR Class B’s previous annual dividend of $0.03. Transportadora de Gas del Sur SA ADR Class B’s dividend payout ratio (DPR) is currently 24.30%.

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the fourth quarter valued at about $205,000. Stevens Capital Management LP acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the second quarter valued at about $126,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the first quarter valued at about $221,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the second quarter valued at about $152,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Transportadora de Gas del Sur SA ADR Class B in the fourth quarter valued at about $304,000. Institutional investors 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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