$0.29 EPS Expected for Transportadora de Gas del Sur S.A. (NYSE:TGS) This Quarter

Equities research analysts expect that Transportadora de Gas del Sur S.A. (NYSE:TGS) will announce $0.29 earnings per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Transportadora de Gas del Sur’s earnings. Transportadora de Gas del Sur posted earnings of $0.36 per share during the same quarter last year, which indicates a negative year over year growth rate of 19.4%. The business is expected to report its next quarterly earnings results on Friday, May 14th.

According to Zacks, analysts expect that Transportadora de Gas del Sur will report full year earnings of ($0.12) per share for the current financial year. For the next year, analysts anticipate that the firm will post earnings of ($0.15) per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Transportadora de Gas del Sur.

TGS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Transportadora de Gas del Sur from a “sell” rating to a “hold” rating in a research report on Friday, April 30th. Morgan Stanley lowered shares of Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research note on Monday, February 8th.

Hedge funds have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in shares of Transportadora de Gas del Sur by 27.1% during the third quarter. Morgan Stanley now owns 408,709 shares of the energy company’s stock valued at $1,700,000 after purchasing an additional 87,212 shares during the period. Renaissance Technologies LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $55,000. Virtus ETF Advisers LLC boosted its position in shares of Transportadora de Gas del Sur by 42.4% during the 4th quarter. Virtus ETF Advisers LLC now owns 338,445 shares of the energy company’s stock valued at $1,760,000 after acquiring an additional 100,731 shares during the last quarter. Eaton Vance Management bought a new stake in Transportadora de Gas del Sur in the fourth quarter worth $3,403,000. Finally, Jane Street Group LLC bought a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth $751,000. Institutional investors own 4.52% of the company’s stock.

Shares of TGS stock traded up $0.13 during trading hours on Thursday, hitting $4.72. The company’s stock had a trading volume of 81,288 shares, compared to its average volume of 100,523. Transportadora de Gas del Sur has a twelve month low of $3.91 and a twelve month high of $6.77. The company has a current ratio of 3.60, a quick ratio of 3.55 and a debt-to-equity ratio of 0.62. The stock has a market cap of $710.61 million, a price-to-earnings ratio of 4.54 and a beta of 0.42. The business has a fifty day moving average of $4.56 and a 200-day moving average of $5.03.

Transportadora de Gas del Sur 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 Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of pipeline system to distribution companies, power plants, and industrial customers.

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