Transportadora de Gas (NYSE:TGS) Stock, Quote.Headers.trade-ideas

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, and 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.

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PBF Energy (NYSE: PBF) 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 industry.

Here&#39;s Why Hold Strategy is Apt for PBF Energy Now

Asset Sales

EQNR

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has approved the sale of Eni SpA&#39;s (NYSE: E) local unit, Nigerian Agip Oil Company (&#34;NAOC&#34;), to Oando in a significant development for Nigeria&#39;s oil sector.

Eni&#39;s Sale to Oando Approved Amid Nigeria Regulatory Shifts

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Shares of ReNew Energy Global Plc (NASDAQ: RNW) gained during Monday’s session following strong quarterly sales.

ReNew Energy Global posted quarterly sales of $345.00 million, topping market estimates of $258.41 million.

Why ReNew Energy Global Shares Are Trading Higher By Around 14%? Here Are Other Stocks Moving In Monday&#39;s Mid-Day Session

Transportadora de Gas del Sur SA TGS Common Stock

Transportadora de Gas del Sur SA

TGS ASA

THE GOOD SHROOM CO INC by THE GOOD SHROOM CO INC

The Good Shroom Co Inc

TGS INTL LTD by TGS International, Ltd.

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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>

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>

Eni's Sale to Oando Approved Amid Nigeria Regulatory Shifts

SUPV

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

EZFL

Shares of gas companies are trading lower amid reports indicating a Norway pipeline will be repaired by Friday, alleviating supply concerns.

GASS

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

AROC

EURN

PNRG

PTEN

TRGP

WFRD

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

Transportadora De Gas Del Sur shares are trading higher after the&nbsp;

Transportadora De Gas Del Sur shares are trading higher amid energy sector strength. Additionally, the company recently disclosed it entered into an agreement with ENARGAS for a transitory adjustment in natural gas transportation tariffs, with an additional monthly adjustment formula beginning in May.

Transportadora De Gas Del Sur shares are trading higher after the company disclosed it entered into an agreement with ENARGAS for a transitory adjustment in natural gas transportation tariffs, with an additional monthly adjustment formula beginning in May.

Contracts

Earlier Reported, Transportadora De Gas Del Sur Entered Into An Agreement On March 26, 2024 With ENARGAS For A 675% Transitory Adjustment In Natural Gas Transportation Tariffs Starting April 2024, With An Additional Monthly Adjustment Formula Beginning May 2024, And Committing To A AR$27.69B Investment Plan In 2024

Shares of US-listed Argentina stocks are trading higher following the election of libertarian presidential candidate Javier Milei.

Shares of ReNew Energy Global Plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rnw#NASDAQ">RNW</a>) gained during Monday&rsquo;s session following strong quarterly sales.
ReNew Energy Global posted quarterly sales of $345.00 million, topping market estimates of $258.41 million.
ReNew Energy raised its FY24 adjusted EBITDA guidance to INR 62 billion - INR 66 billion.
ReNew Energy Global gained 13.6% to $6.74 on Monday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares jumped 147.2% to $0.4179. Br&uuml;ush received Nasdaq notification regarding minimum bid requirements.</li>
<li>Cuentas Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cuen#NASDAQ">CUEN</a>) shares gained 59% to $1.5098 after reporting a narrower quarterly loss.</li>
<li>Altamira Therapeutics Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cyto#NASDAQ">CYTO</a>) jumped 52% to $0.4280. Altamira Therapeutics recently entered into a binding agreement for the sale of a 51% stake in its subsidiary Altamira Medica AG.</li>
<li>Cardio Diagnostics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdio#NASDAQ">CDIO</a>) gained 41.4% to $1.4000. Cardio Diagnostics Holdings announced the publication of its study in the Journal of the American Heart Association (JAHA), an official journal of the American Heart Association.</li>
<li>YPF Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) shares climbed 40.8% to $15.11. Javier Milei&lsquo;s victory in Argentina&rsquo;s presidential election sparked a rally in Argentine ADRs trading on major U.S. stock exchanges.</li>
<li>GD Culture Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdc#NASDAQ">GDC</a>) rose 26.8% to $4.3074. GD Culture Group unveiled its transformative and photorealistic AI-driven digital human technology on TikTok.</li>
<li>Blue Star Foods Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsfc#NASDAQ">BSFC</a>) shares gained 26.8% to $0.1752 after jumping 18% on Friday. Blue Star Foods recently signed a 2-year bid award purchase agreement with Sysco Corporation.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mira#NASDAQ">MIRA</a>) gained 25.3% to $4.2729. MIRA Pharmaceuticals announced exclusive licensing agreement for oral ketamine analog, Ketamir-2.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) rose 25% to $15.63 after gaining 5% on Friday.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) shares climbed 23.1% to $12.88 after gaining over 4% on Friday.</li>
<li>Central Puerto S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cepu#NYSE">CEPU</a>) climbed 23.1% to $7.58.</li>
<li>Pampa Energ&iacute;a S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) gained 23% to $45.60.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) rose 22.6% to $12.82 after gaining over 4% on Friday.</li>
<li>Banco BBVA Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbar#NYSE">BBAR</a>) gained 22.4% to $5.40.</li>
<li>LogicMark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgmk#NASDAQ">LGMK</a>) shares rose 22.2% to $2.04. LogicMark recently posted GAAP loss of $1.10 per share for the third quarter.</li>
<li>IRSA Inversiones y Representaciones Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/irs#NYSE">IRS</a>) gained 20.3% to $7.79.</li>
<li>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>) climbed 19.4% to $6.40 after gaining around 4% on Friday.</li>
<li>Banco Macro S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bma#NYSE">BMA</a>) gained 17.1% to $23.71.</li>
<li>HireRight Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrt#NYSE">HRT</a>) jumped 17.4% to $11.81 after gaining 5% on Friday.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) shares climbed 15.7% to $0.4050. The company recently reported an increase in quarterly sales.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 15.6% to $17.00.</li>
<li>MediciNova, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnov#NASDAQ">MNOV</a>) rose 15.2% to $2.0508. The company announced new data and results of a Phase 2 clinical trial of MN-166 (ibudilast) in glioblastoma presented at the 28th Annual Meeting of the Society for Neuro-Oncology.</li>
<li>Kronos Bio, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kron#NASDAQ">KRON</a>) gained 14.4% to $1.2699. Kronos recently posted downbeat quarterly results.</li>
<li>Loma Negra Compa&ntilde;&iacute;a Industrial Argentina Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/loma#NYSE">LOMA</a>) gained 14.4% to $6.80.</li>
<li>Iovance Biotherapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iova#NASDAQ">IOVA</a>) rose 13.6% to $5.74. Goldman Sachs initiated coverage on Iovance Biotherapeutics with a Buy rating and announced a price target of $12.</li>
<li>Anavex Life Sciences Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avxl#NASDAQ">AVXL</a>) jumped 11.8% to $7.01. The clinical-stage biopharmaceutical company announced that it initiated a regulatory submission with the European Medicines Agency (EMA).</li>
<li>Intellia Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntla#NASDAQ">NTLA</a>) rose 11.7% to $31.42. Intellia Therapeutics recently announced it received European Union orphan drug designation for NTLA-2002.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) gained 9% to $18.30.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) gained 7.6% to $3.98 after declining around 5% on Friday. Motus GI recently announced the Pure-Vu EVS Gastro was successfully used in the first procedure since receiving FDA clearance.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) fell 6.2% to $7.85. Nio announced on Sunday that it has activated its 2,100th power swap station.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) gained 4.2% to $103.12.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>NanoString Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nstg#NASDAQ">NSTG</a>) shares fell 46% to $0.69. TD Cowen downgraded NanoString Technologies from Outperform to Market Perform and lowered the price target from $6 to $1.4.</li>
<li>PaxMedica, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pxmd#NASDAQ">PXMD</a>) fell 40.6% to $1.04 after the company announced pricing of $7 million public offering of 5,384,615 shares and accompanying warrants at a price of $1.30 per unit.</li>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) fell 25.5% to $3.14. Safe And Green Development shares jumped 39% on Friday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.</li>
<li>Alzamend Neuro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alzn#NASDAQ">ALZN</a>) dipped 25% to $1.2400. Alzamend Neuro received a &quot;Study May Proceed&quot; letter from the FDA for the initiation of study AL001-MDD01, a Phase 2A clinical study of AL001 for major depressive disorder (MDD).</li>
<li>Yatsen Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ysg#NYSE">YSG</a>) fell 24.2% to $0.6559. Yatsen Holding is expected to release its unaudited financial results for the third quarter on Nov. 21, 2023.</li>
<li>2seventy bio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsvt#NASDAQ">TSVT</a>) declined 16.4% to $1.78. The FDA&#39;s Oncologic Drugs Advisory Committee (ODAC) will meet to review data supporting the supplemental Biologics License Application (sBLA) for Abecma (idecabtagene vicleucel) for earlier lines of triple-class exposed relapsed or refractory multiple myeloma (RRMM) based on results from the pivotal Phase 3 KarMMa-3 study.</li>
<li>Allurion Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alur#NYSE">ALUR</a>) fell 12.6% to $3.72.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgbx#NASDAQ">SGBX</a>) shares fell 12.6% to $0.6821 after gaining around 7% on Friday. Safe &amp; Green Holdings recently posted a narrower-than-expected quarterly loss.</li>
<li>Greenland Technologies Holding Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtec#NASDAQ">GTEC</a>) declined 12.5% to $2.87 following weak quarterly results.</li>
<li>reAlpha Tech Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aire#NASDAQ">AIRE</a>) declined 10.5% to $8.40. ReAlpha Tech filed a prospectus for the offering of up to 1.67 million common units at a price of $12 per unit.</li>
<li>Applied UV, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) shares fell 9.4% to $0.1340 after the company reported third-quarter results.</li>
<li>MGO Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgol#NASDAQ">MGOL</a>) shares fell 9.1% to $0.50 after jumping over 10% on Friday. MGO Global recently posted a wider third-quarter loss.</li>
<li>Genelux Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gnlx#NASDAQ">GNLX</a>) declined 8.7% to $10.83.</li>
<li>Tharimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thar#NASDAQ">THAR</a>) shares fell 8.6% to $0.1922. Tharimmune shares climbed around 17% on Friday after the company announced a 1-for-25 reverse stock split.</li>
<li>Chegg, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chgg#NYSE">CHGG</a>) fell 8.2% to $9.60. Morgan Stanley downgraded Chegg from Equal-Weight to Underweight and lowered the price target from $10 to $9.</li>
</ul>
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Why ReNew Energy Global Shares Are Trading Higher By Around 14%? Here Are Other Stocks Moving In Monday's Mid-Day Session

ARGT

BBVA

BIOX

CRESY

DESP

MELI

Shares of Applied UV, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auvi#NASDAQ">AUVI</a>) shares jumped in pre-market trading after the company reported <a href="https://www.benzinga.com/quote/AUVI/earnings">third-quarter results.</a>
Applied UV posted a quarterly loss of 32 cents per share, versus a year-ago loss of $1.20 per share. The company&rsquo;s quarterly sales came in at $11.45 million up from $5.88 million, according to data from <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Applied UV reaffirmed its previous guidance of approximately $45 million in revenue for 2023.
Applied UV shares rose 96.1% to $0.29 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3>Gainers</h3>
<ul>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares rose 172.2% to $0.4601 in pre-market trading. Br&uuml;ush received Nasdaq notification regarding minimum bid requirements.</li>
<li>Blue Star Foods Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bsfc#NASDAQ">BSFC</a>) shares surged 82.2% to $0.2526 in pre-market trading after jumping 18% on Friday. Blue Star Foods recently signed a 2-year bid award purchase agreement with Sysco Corporation.</li>
<li>Yoshiharu Global Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yosh#NASDAQ">YOSH</a>) shares rose 34.2% to $0.47 in pre-market trading. The company recently reported an increase in quarterly sales.</li>
<li>MediciNova, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mnov#NASDAQ">MNOV</a>) rose 18% to $2.10 in pre-market trading. The company announced new data and results of a Phase 2 clinical trial of MN-166 (ibudilast) in glioblastoma presented at the 28th Annual Meeting of the Society for Neuro-Oncology.</li>
<li>Motus GI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mots#NASDAQ">MOTS</a>) gained 17.8% to $4.36 in pre-market trading after declining around 5% on Friday. Motus GI recently announced the Pure-Vu EVS Gastro was successfully used in the first procedure since receiving FDA clearance.</li>
<li>High Tide Inc.. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hiti#NASDAQ">HITI</a>) shares climbed 16% to $1.38 in pre-market trading after declining around 5% on Friday.</li>
<li>LogicMark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgmk#NASDAQ">LGMK</a>) shares rose 13.8% to $1.90 in pre-market trading. LogicMark recently posted GAAP loss of $1.10 per share for the third quarter.</li>
<li>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>) rose 12.2% to $11.76 in pre-market trading after gaining over 4% on Friday.</li>
<li>Kronos Bio, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kron#NASDAQ">KRON</a>) gained 11.7% to $1.24 in pre-market trading. Kronos recently posted downbeat quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Safe and Green Development Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgd#NASDAQ">SGD</a>) dipped 19% to $3.41 in pre-market trading. Safe And Green Development shares jumped 39% on Friday after the company said it does not intend to conduct the offering of the shares of common stock contemplated by the Registration Statement.</li>
<li>WANG &amp; LEE GROUP, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wlgs#NASDAQ">WLGS</a>) shares fell 19% to $0.6364 in pre-market trading after gaining more than 95% on Friday.</li>
<li>Mural Oncology plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mura#NASDAQ">MURA</a>) fell 17.6% to $4.07 in pre-market after jumping 30% on Friday.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgbx#NASDAQ">SGBX</a>) shares fell 16.6% to $0.6508 in pre-market trading after gaining around 7% on Friday. Safe &amp; Green Holdings recently posted a narrower-than-expected quarterly loss.</li>
<li>Tharimmune, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thar#NASDAQ">THAR</a>) shares fell 16.6% to $0.1750 in pre-market trading. Tharimmune shares climbed around 17% on Friday after the company announced a 1-for-25 reverse stock split.</li>
<li>MGO Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgol#NASDAQ">MGOL</a>) shares fell 15.5% to $0.4650 in pre-market trading after jumping over 10% on Friday. MGO Global recently posted a wider third-quarter loss.</li>
<li>Syntec Optics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/optx#NASDAQ">OPTX</a>) fell 14.8% to $7.63 in pre-market trading after jumping 74% on Friday.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) fell 14.6% to $0.2466 in pre-market trading after declining around 7% on Friday.</li>
<li>Aligos Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/algs#NASDAQ">ALGS</a>) shares fell 14% to $0.59 in pre-market trading. Aligos Therapeutics filed prospectus related to resale from time to time of up to 168.7 million shares of common stock, by selling securityholders.</li>
<li>Powerbridge Technologies Co., Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbts#NASDAQ">PBTS</a>) shares fell 9.2% to $0.69 in pre-market trading after jumping 38% on Friday.</li>
</ul>

Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/35867786/agilent-likely-to-report-lower-q4-earnings-heres-a-look-at-recent-price-target-changes-by-the-most-"> Agilent Likely To Report Lower Q4 Earnings; Here&#39;s A Look At Recent Price Target Changes By The Most Accurate Analysts</a>

Pre-Market Outlook

ALGS

HITI

IONM

MURA

OPTX

PBTS

WLGS

Why Applied UV Shares Are Trading Higher By Around 96%; Here Are 20 Stocks Moving Premarket

U.S. stock futures traded slightly higher this morning on Monday, with the Dow Jones futures gaining around 15 points this morning.
Here are some big stocks recording gains in today&rsquo;s pre-market trading session.
<ul>
<li>YPF Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ypf#NYSE">YPF</a>) shares jumped 12.8% to $12.11 in pre-market trading after gaining 5% on Friday.</li>
<li>Pampa Energ&iacute;a S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pam#NYSE">PAM</a>) gained 12.4% to $41.66 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>) shares climbed 12.2% to $11.76 in pre-market trading after gaining over 4% on Friday.</li>
<li>Grupo Financiero Galicia S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ggal#NASDAQ">GGAL</a>) rose 11.8% to $13.98 in pre-market trading after gaining 5% on Friday.</li>
<li>Central Puerto S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cepu#NYSE">CEPU</a>) climbed 9.6% to $6.75 in pre-market trading.</li>
<li>Telecom Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teo#NYSE">TEO</a>) climbed 9.4% to $5.84 in pre-market trading after gaining around 4% on Friday.</li>
<li>Loma Negra Compa&ntilde;&iacute;a Industrial Argentina Sociedad An&oacute;nima (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/loma#NYSE">LOMA</a>) gained 9.4% to $6.50 in pre-market trading.</li>
<li>Banco BBVA Argentina S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbar#NYSE">BBAR</a>) gained 8.8% to $4.80 in pre-market trading.</li>
<li>HireRight Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrt#NYSE">HRT</a>) jumped 8.4% to $10.90 in pre-market trading after gaining 5% on Friday.</li>
<li>NIO Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) gained 3.7% to $7.66 in pre-market trading. Nio co-founder and President Qin Lihong reportedly refuted rumors of the Chinese EV maker going out of business at <a href="https://www.benzinga.com/news/23/11/35867543/nios-future-secure-says-co-founder-company-sees-significant-delivery-growth-despite-market-speculati">the Guangzhou auto show</a>.</li>
<li>Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) gained 1.5% to $375.38 in pre-market trading after the company hired OpenAI co-founders Sam Altman and Greg Brockman to lead a new advanced AI <a href="https://www.benzinga.com/markets/equities/23/11/35868640/microsoft-shares-soar-in-mondays-premarket-openai-developments-win-win-scenario-for-software-gia">research team at Microsoft</a>.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/11/35867610/fear-greed-index-moves-to-greed-zone-s-p-500-records-third-consecutive-winning-week"> Fear &amp; Greed Index Moves To &#39;Greed&#39; Zone; S&amp;P 500 Records Third Consecutive Winning Week </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

MSFT

Microsoft, NIO And Other Big Stocks Moving Higher In Monday's Pre-Market Session

The most overbought stocks in the energy sector presents an opportunity to go short on these overvalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi"> RSI is above 70.</a>
Here&rsquo;s the latest list of major overbought players in this sector.
<h3>Transportadora de Gas del Sur S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgs#NYSE">TGS</a>)</h3>
<ul>
<li>The company&rsquo;s shares jumped around 13% over the past month. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/TGS">52-week high of $12.78 </a>.</li>
<li>RSI Value: 70.94</li>
<li>TGS Price Action: Shares of Transportadora de Gas del Sur rose 8.9% to close at $11.75 on Friday.</li>
</ul>
<h3>Atomera Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atom#NASDAQ">ATOM</a>)</h3>
<ul>
<li>Atomera posted a wider-than-expected quarterly loss. The company also inked a commercial license deal with STMicroelectronics N.V. &quot;The new commercial license agreement demonstrates Atomera is moving toward production, and we believe MST will become increasingly utilized among leading semiconductor manufacturers,&quot; said Scott Bibaud, President and CEO. The company&rsquo;s <a href="https://www.benzinga.com/quote/ATOM"> stock has a 52-week high </a> of $15.10.</li>
<li>RSI Value: 77.18</li>
<li>ATOM Price Action: Shares of Atomera rose 5.6% to close at $9.70 on Friday.</li>
</ul>
<h3>Comstock Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lode#NYSE">LODE</a>)</h3>
<ul>
<li>Comstock posted a narrower-than-expected Q1 loss. &ldquo;Over the past three months, we monetized non-strategic assets and positioned ourselves to meet or exceed our $30 million target this year. We have also advanced our fuels, metals, and mining lines of business, and GenMat, our strategic investee, announced a customer demonstration of their physics-based general artificial intelligence capabilities,&rdquo; said Corrado De Gasperis, Comstock&rsquo;s executive chairman and chief executive officer. The company has a <a href="https://www.benzinga.com/quote/LODE"> 52-week high </a> of $0.9000.</li>
<li>RSI Value: 82.33</li>
<li>LODE Price Action: Shares of Comstock rose 5% to close at $0.6301 on Friday.</li>
</ul>
<h3>Ultrapar Participa&ccedil;&otilde;es S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ugp#NYSE">UGP</a>)</h3>
<ul>
<li>Ultrapar recently reported earnings for its first quarter. The company&rsquo;s 52-week high is $3.30.</li>
<li>RSI Value: 74.77</li>
<li>UGP Price Action: Shares of Ultrapar Participa&ccedil;&otilde;es rose 2.8% to close at $3.29 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/05/32238275/more-than-47m-bet-on-this-healthcare-stock-check-out-these-4-stocks-insiders-are-buying"> More Than $47M Bet On This Healthcare Stock? Check Out These 4 Stocks Insiders Are Buying </a>

Short Ideas

ATOM

LODE

Top 4 Energy Stocks That May Crash In May

ACDC

CHRD

MTDR

Shares of energy stocks are trading higher amid a rise in oil and gas prices.

AMPY

ARCH

CIVI

DINO

ENLC

ESTE

ETRN

INSW

KLXE

LBRT

NINE

PAGP

PDCE

PUMP

ROCC

SLCA

SLNG

SMHI

STNG

TALO

TUSK

VTLE

VTNR

Shares of energy companies are trading lower amid macroeconomic uncertainty due to volatility in the financial sector.

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the energy sector that may be worth watching:</h2>
<ol>
<li>Transportadora de Gas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGS#NYSE">TGS</a>) - P/E: 5.5</li>
<li>TransGlobe Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGA#NASDAQ">TGA</a>) - P/E: 7.93</li>
<li>Dorian LPG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPG#NYSE">LPG</a>) - P/E: 8.57</li>
<li>PetroChina Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PTR#NYSE">PTR</a>) - P/E: 6.05</li>
<li>Vermilion Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VET#NYSE">VET</a>) - P/E: 4.03</li>
</ol>
Transportadora de Gas has reported Q4 earnings per share at $0.45, which has increased by 50.0% compared to Q3, which was 0.3. Most recently, the company reported a dividend yield of 3.71%, which has ('', 'not changed') by 0.0% from last quarter's yield of 3.71%.
Most recently, TransGlobe Energy reported earnings per share at $0.09, whereas in Q3 earnings per share sat at $0.51. The company's most recent dividend yield sits at 6.02%, which has increased by 1.12% from 4.9% last quarter. 
Dorian LPG's earnings per share for Q3 sits at $0.34, whereas in Q2, they were at 0.25. PetroChina Co has reported Q4 earnings per share at $1.41, which has decreased by 24.71% compared to Q3, which was 1.87. The company's most recent dividend yield sits at 5.31%, which has decreased by 3.43% from 8.74% last quarter. 
Vermilion Energy saw an increase in earnings per share from -0.72 in Q3 to $1.68 now. The company's most recent dividend yield sits at 3.65%, which has decreased by 25.22% from 28.87% last quarter. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

5 Value Stocks In The Energy Sector

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Transportadora de Gas (NYSE:<a href="https://investorplace.com/stock-quotes/tgs-stock-quote/">TGS</a>) just reported results for the second quarter of 2024.<ul><li>Transportadora de Gas reported earnings per share of 64 cents.</li><li>The company reported revenue of $298.68 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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TGS Stock Earnings: Transportadora de Gas Reported Results for Q2 2024

Transportadora de Gas del Sur: Tremendous Q2, But Offers A Mediocre Yield At Best

U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls

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Transportadora de Gas Reports Revenue Surge Amid Tariff Changes

Pampa Energia's Segments Are Hamstrung Until New Regulations Are Implemented

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Transportadora de Gas Announces Tariff Increase

BofA latest to cut oil price view on weak demand, limiting OPEC's ability to boost output

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Transportadora de Gas

Transportadora de Gas (TGS) Forecast

Transportadora de Gas (NYSE:TGS) Stock, Quote.Headers.trade-ideas