Transportadora De Gas Sa Ord B (TGS) Expected to Announce Earnings of $0.27 Per Share

Wall Street brokerages expect that Transportadora De Gas Sa Ord B (NYSE:TGS) will report earnings per share of $0.27 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Transportadora De Gas Sa Ord B’s earnings. Transportadora De Gas Sa Ord B posted earnings per share of $0.20 in the same quarter last year, which would indicate a positive year-over-year growth rate of 35%. The company is scheduled to report its next earnings report on Tuesday, March 6th.

On average, analysts expect that Transportadora De Gas Sa Ord B will report full year earnings of $0.98 per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $2.12 per share. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Transportadora De Gas Sa Ord B.

Several equities analysts have recently issued reports on TGS shares. Santander downgraded shares of Transportadora De Gas Sa Ord B from a “hold” rating to an “underweight” rating in a report on Friday, December 15th. Morgan Stanley initiated coverage on shares of Transportadora De Gas Sa Ord B in a report on Tuesday, September 19th. They issued an “overweight” rating and a $25.00 price target on the stock.

Transportadora De Gas Sa Ord B (NYSE:TGS) traded down $0.08 during trading hours on Monday, reaching $23.50. 73,300 shares of the company were exchanged, compared to its average volume of 217,279. Transportadora De Gas Sa Ord B has a 52 week low of $8.45 and a 52 week high of $24.00. The stock has a market capitalization of $1,830.00, a price-to-earnings ratio of 29.38 and a beta of 1.12. The company has a current ratio of 1.55, a quick ratio of 1.49 and a debt-to-equity ratio of 0.68.

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank lifted its position in shares of Transportadora De Gas Sa Ord B by 59.6% in the second quarter. Comerica Bank now owns 304,366 shares of the energy company’s stock valued at $4,529,000 after acquiring an additional 113,706 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $5,126,000. Victory Capital Management Inc. acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $3,629,000. Airain ltd acquired a new stake in Transportadora De Gas Sa Ord B during the second quarter worth about $316,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Transportadora De Gas Sa Ord B by 12.0% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,495 shares of the energy company’s stock worth $855,000 after acquiring an additional 5,507 shares during the last quarter. 8.89% of the stock is currently owned by institutional investors and hedge funds.

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About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.

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