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Transportadora de Gas (NYSE:TGS) Stock, Rapport sur les intérêts à découvert

Transportadora de Gas

Transportadora de Gas del Sur SA is a transporters of natural gas in Latin America. The company's operating segments include Natural Gas Transportation, Midstream, Telecommunications, Production and Commercialization Liquids, Other Services, and Telecommunications. It generates maximum revenue from the Production and Commercialization of the Liquids segment. Geographically, it derives the majority of its revenue from Argentina.

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas del Sur SA

TGS ASA

MERCANTO HLDGS INC by MERCANTO HLDGS INC.

Mercanto Holdings Inc

TGS INTL LTD by TGS International, Ltd.

Argentina has clinched $42bn in medium-term funding from the International Monetary Fund (IMF) and two other financial institutions as it announced it is abandoning most of its tight currency controls.
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WIIM

ARGT

BBAR

CEPU

CRESY

GGAL

LOMA

MELI

SUPV

Telecom Argentina Stet - France Telecom S.A.

Shares of US-listed Argentine stocks are trading higher after Argentina received IMF funding and eased FX controls.

AREC

ARLP

CHRD

CIVI

CLNE

CRGY

CTRA

EQNR

FANG

GLNG

GPOR

GPRE

HNRG

INSW

MPLX

MTDR

PARR

TALO

VIST

VNOM

VTLE

Shares of oil and gas companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

CSAN

LTBR

NEHC

TRGP

Shares of energy stocks are trading higher amid strength in oil and natural gas prices.

BWLP

HAFN

PROP

WFRD

Shares of energy companies are trading lower. The sector may be seeing weakness due to recession worries because of the uncertainty surrounding tariffs and trade policy.

Citigroup analyst Andres Cardona initiates coverage on Transportadora de Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGS#NYSE">TGS</a>) with a Buy rating and announces Price Target of $35.

News

Price Target

Initiation

Analyst Ratings

Citigroup Initiates Coverage On Transportadora de Gas with Buy Rating, Announces Price Target of $35

These eight mid-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) shares escalated 23.19% as the quantum computing sector saw increased interest.</li>
<li>VEON Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) stock surged 17.03%. The company announced that Kyivstar inked an agreement with Starlink to introduce groundbreaking direct-to-cell <a href="https://www.benzinga.com//node/42717832" target="_blank" rel="noreferrer noopener">satellite connectivity in Ukraine</a>.</li>
<li>NextDecade Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>) stock jumped 16.90% on gains in crude oil and natural gas prices.</li>
<li>GDS Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NASDAQ">GDS</a>) stock increased 16.05% amid continued interest sparked by reports that the company is evaluating an initial public offering (IPO) for<a href="https://www.benzinga.com//node/42710683" target="_blank" rel="noreferrer noopener"> its data center assets in China</a>.</li>
<li>Acadia Healthcare Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) shares rose 14.79% on U.S. healthcare executives&#8217; bullish outlook for 2025.</li>
<li>Intuitive Machines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) shares were up 13.89% last week. The stock was on the top ten trending list on WallStreetBets.</li>
<li>Banco BBVA Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBAR#NYSE">BBAR</a>) shares increased 11.81%, joining the ride in Argentina stocks.</li>
<li>Transportadora de Gas del Sur SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGS#NYSE">TGS</a>) stock grew 11.93%, joining the ride in Argentina stocks.</li>
</ol>
Image via Shutterstock

Mid Cap

Movers

Trading Ideas

ACHC

LUNR

RGTI

VEON

Rigetti Computing, VEON And Intuitive Machines Are Among Top Mid-Cap Gainers Last Week (Dec 30-Jan 3): Are The Others In Your Portfolio?

U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Friday.
Shares of United States Steel Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) fell sharply in today's pre-market trading after the company issued fourth-quarter adjusted EPS guidance <a href="https://www.benzinga.com/news/guidance/24/12/42606023/us-steel-stock-stumbles-on-weak-q4-outlook">below analyst estimates</a>.
After the market close on Thursday, U.S. Steel said it expects to report a fourth-quarter adjusted loss of 25 cents to 29 cents per share. Fourth-quarter adjusted EBITDA is expected to come in around $150 million.
U.S. Steel shares dipped 6.5% to $29.65 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) fell 25.8% to $76.80 in pre-market trading. Novo Nordisk said CagriSema demonstrated weight loss in adults with obesity or overweight in the REDEFINE 1 trial.</li>
<li>Innovative Industrial Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIPR#NYSE">IIPR</a>) dipped 19.1% to $77.10 in pre-market trading  after the company reported a default by Pharmacann on its obligations to pay rent for six of its eleven leases in December.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares fell 18.1% to $13.72 in pre-market trading. Mesoblast shares jumped over 36% on Thursday after the company announced the FDA approved Ryoncilas the first mesenchymal stromal cell therapy in the United States.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) fell 11.1% to $13.46 in pre-market trading after declining 41% on Thursday.</li>
<li>Arqit Quantum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) declined 7.2% to $24.98 in pre-market trading.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGS#NYSE">TGS</a>) fell 5.4% to $26.01 in pre-market trading.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/12/42609619/sp-500-nasdaq-end-in-red-as-investor-sentiment-declines-micron-tumbles-after-sales-miss-greed-index-in-extreme-fear-zone">S&amp;P 500, Nasdaq End In Red As Investor Sentiment Declines, Micron Tumbles After Sales Miss: Greed Index In &#8216;Extreme Fear&#8217; Zone</a></li>
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Pre-Market Outlook

Markets

ARQQ

IIPR

MESO

QUBT

US Steel Issues Weak Q4 Outlook, Joins Novo Nordisk And Other Big Stocks Moving Lower In Friday's Pre-Market Session

AESI

AMTX

AROC

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EZFL

MIND

Shares of oil and gas companies are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Shares of US-listed Argentine stocks are trading higher on continued strength after the nation received a credit upgrade from Fitch over the weekend.

DESP

Shares of US-listed Argentine stocks are trading higher after Donald Trump's presidential victory.

BIOX

Shares of US-listed Argentine stocks are trading higher after Banco de la Nacion, the country's largest bank, stated it wants to issue debt and return to international capital markets for the first time in 30 years.

KNTK

LBRT

SHEL

VTNR

Shares of oil gas companies are trading lower amid reports suggesting Saudi Arabia may raise output.

RCON

Shares of energy stocks are trading lower amid a pullback in the price of oil as OPEC cuts its demand forecast.

Shares of oil and gas companies are trading higher amid a rebound in the price of oil.

PBF Energy&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbf#NYSE">PBF</a>) has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
The stock, currently carrying a Zacks Rank #3 (Hold), has rallied 10.4% in the past six months compared with 6.4% growth of the composite stocks belonging to the&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/69/70422.jpg?v=944921033" />
Image Source: Zacks Investment Research
<h3>Factors Driving the Stock</h3>
<h3>Favorable Style Score</h3>
PBF Energy has an impressive&nbsp;Value Score&nbsp;of A. Value Score helps find stocks that are undervalued. Back-tested results have shown that stocks with a favorable Value Score and a solid Zacks Rank are the best investment bets.
<h3>Impressive Earnings Surprise History</h3>
PBF Energy&#39;s bottom line has outpaced estimates in three of the trailing four quarters and missed the same once.
<h3>Strong Cash Position</h3>
PBF&#39;s balance sheet is fortified with a significant cash reserve of $1.4 billion as of Mar 31, 2024. This strong liquidity position allows the company to navigate market fluctuations and invest in growth opportunities without compromising financial stability. Additionally, the company has $1.2 billion of total debt, indicating a healthy net cash position, which provides a buffer against economic uncertainties and supports strategic initiatives.
<h3>Consistent Shareholder Returns</h3>
PBF Energy has demonstrated a commitment to returning value to shareholders through dividends and share repurchases. In the first quarter of 2024, the company declared a quarterly dividend of $0.25 per share, an increase from previous quarters, and repurchased 2.6 million shares for around $125 million. This approach not only signals confidence in the company&#39;s financial health but also enhances shareholder value by reducing the number of outstanding shares.
<h3>Renewable Energy Initiatives</h3>
The company&#39;s strategic diversification into renewable fuels positions it well for growth in the energy transition landscape. The St. Bernard Renewables (&quot;SBR&quot;) venture, a 50-50 partnership with Eni, has commenced renewable diesel production, with an annual capacity of approximately 320 million gallons. This initiative not only aligns with global sustainability trends but also provides PBF with a new revenue stream and potential for significant carbon credit generation, enhancing overall profitability and sustainability.
<h3>Key Business Tailwinds</h3>
PBF Energy&#39;s diversified asset base across key refining regions in the United States offers a competitive advantage. The company operates high-complexity refineries with a combined throughput capacity of over 1 million barrels per day, spread across the East Coast, Gulf Coast, Mid-Continent and West Coast. This geographic diversification allows the company to optimize operations and capture margin improvements across different markets, mitigating regional market risks.
PBF Energy&#39;s disciplined capital allocation strategy focuses on long-term value creation. The company plans to invest $800-$850 million in refining capital expenditure in 2024, aiming to enhance operational efficiency and capacity. This investment includes significant planned maintenance activities to ensure the reliability and safety of its refineries, positioning the company to capitalize on market opportunities as demand for refined products remains strong.
The refining industry is currently experiencing favorable market dynamics, with resilient demand for refined products and tight global inventory levels. PBF Energy benefits from this environment, as reduced refining capacity in the United States and sustained demand support strong refining margins. This market backdrop provides a conducive environment for PBF to generate robust cash flows and maintain profitability.
PBF Energy is advancing its environmental, social and governance (ESG) initiatives by developing clean energy projects, including the MACH2 clean hydrogen hub on the East Coast. This project aims to produce green hydrogen and develop related infrastructure, supported by up to $750 million from the Department of Energy. Such initiatives not only enhance PBF&#39;s ESG credentials but also position the company as a leader in the transition to a low-carbon economy, potentially attracting ESG-focused investors.
The company has demonstrated effective cost management and operational efficiency, with first-quarter 2024 operating expenses decreasing from the same period in 2023. This focus on cost control, combined with strategic investments in margin-improvement projects, ensures that PBF can maintain competitive operational performance and profitability, even in challenging market conditions.
<h3>Stocks to Consider</h3>
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like&nbsp;Transportadora&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>), Sunoco LP&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>) and&nbsp;GeoPark Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gprk#NYSE">GPRK</a>), each currently sporting a Zacks Rank #1 (Strong Buy).
Transportadora&#39;s midstream asset portfolio has Latin America&#39;s most extensive natural gas pipeline network. It generates stable fee-based revenues since its pipeline assets transport more than 60% of the gas consumed in Argentina.
Transportadora has witnessed upward estimate revisions for its 2024 bottom line in the past 60 days.&nbsp;The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at 77 cents and $1.81, respectively. TGS currently has a Growth Score of A and B for Value.
Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes more than 10 fuel brands, ensuring a stable revenue stream.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $7.29 and $7.17, respectively. The partnership has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 30 days. SUN currently has a Value and Growth Score of A.
GeoPark, based in Hamilton, Bermuda, is an explorer, operator and consolidator in the oil and gas sector. The company primarily operates in Chile, Colombia, Brazil and Argentina. It has a Zacks Style Score of A for Value and B for Growth.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $3.23 and $3.98, respectively. The company has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
<a href="https://www.zacks.com/stock/news/2297276/here-s-why-hold-strategy-is-apt-for-pbf-energy-pbf-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2297276">To read this article on Zacks.com click here.</a>

Earnings

Small Cap

GPRK

Here's Why Hold Strategy is Apt for PBF Energy Now

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the sale of Eni SpA&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/e#NYSE">E</a>) local unit, Nigerian Agip Oil Company (&quot;NAOC&quot;), to Oando in a significant development for Nigeria&#39;s oil sector.
The approval marks a crucial step forward for the transaction, which includes the transfer of interests in four onshore oil mining leases - 60, 61, 62 and 63.
Announced initially in September 2023, the sale of NAOC to Oando had been pending for months due to regulatory requirements under Nigeria&#39;s new oil industry law. The law mandates that such deals receive a sign-off from the petroleum minister, a process that had caused considerable delays.
Gbenga Komolafe, the head of the NUPRC, confirmed the approval during an energy conference in Abuja, highlighting the regulatory body&#39;s commitment to facilitating smoother transitions in the sector. This move is seen as part of a broader strategy to streamline approvals and encourage responsible divestments by international oil companies.
Simultaneously, the NUPRC has sanctioned the sale of Equinor&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqnr#NYSE">EQNR</a>) assets to the new entrant, Project Odinmim. The transaction represents a notable entry for Project Odinmim into Nigeria&#39;s oil industry, underscoring the country&#39;s evolving landscape as established players divest from onshore operations.
While the approvals for Eni and Equinor&#39;s sales have been granted, other significant transactions remain in the pipeline. The recent approvals come amid broader challenges facing Nigeria&#39;s onshore oil operations, including theft, vandalism and environmental pollution. These issues have prompted major oil companies to shift their focus toward deepwater explorations, seeking more secure and profitable ventures.
In response to these challenges, the NUPRC introduced measures to expedite pending asset sales. One notable condition was that the selling companies must take responsibility for oil spills and provide compensation to affected communities. This stipulation aims to prevent prolonged delays caused by disputes over liability and ensure that transactions proceed more swiftly.
The NUPRC&#39;s recent approvals signify a pivotal moment for Nigeria&#39;s oil sector, reflecting both challenges and opportunities within the industry. As Oando and Project Odinmim prepare to take over their newly acquired assets, the focus will be on how these transitions impact the broader market dynamics and address the longstanding issues of theft, vandalism and environmental concerns.
With significant transactions still awaiting approval, the coming months will be critical in shaping the future landscape of Nigeria&#39;s oil industry.
<h3>Zacks Rank &amp; Key Picks</h3>
Currently, Eni carries a Zacks Rank #3 (Hold).
Investors interested in the&nbsp;energy&nbsp;sector may look at some better-ranked stocks like&nbsp;Transportadora (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) and&nbsp;GeoPark Ltd.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gprk#NYSE">GPRK</a>), each currently sporting a Zacks Rank #1 (Strong Buy).
Transportadora&#39;s midstream asset portfolio has the most extensive natural gas pipeline network in Latin America. It generates stable fee-based revenues since its pipeline assets transport more than 60% of the gas consumed in Argentina.
Transportadora has witnessed upward estimate revisions for its 2024 bottom line in the past 60 days.&nbsp;The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at 77 cents and $1.81, respectively. TGS currently has a Growth Score of A and B for Value.
GeoPark, based in Hamilton, Bermuda, is an explorer, operator and consolidator in the oil and gas sector. The company primarily operates in Chile, Colombia, Brazil and Argentina. It has a Zacks Style Score of A for Value and B for Growth.
The Zacks Consensus Estimate for 2024 and 2025 earnings per unit is pegged at $3.23 and $3.98, respectively. The company has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 days.
<a href="https://www.zacks.com/stock/news/2297021/eni-s-e-sale-to-oando-approved-amid-nigeria-regulatory-shifts?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2297021">To read this article on Zacks.com click here.</a>

Asset Sales

Eni's Sale to Oando Approved Amid Nigeria Regulatory Shifts

Shares of US-listed Argentina stocks are trading higher after Argentina's Senate passed the Bases law.

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Shares of oil and gas stocks are trading lower amid a drop in the price in crude.

Commodities

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TGS Files 2024 Annual Report on Form 20-F

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Transportadora de Gas (NYSE:TGS) Stock, Rapport sur les intérêts à découvert

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