Transportadora de Gas del Sur (NYSE:TGS) Trading Up 4.3% – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares shot up 4.3% during trading on Tuesday . The company traded as high as $28.71 and last traded at $28.64. 167,621 shares were traded during trading, a decline of 52% from the average session volume of 347,212 shares. The stock had previously closed at $27.46.

Wall Street Analyst Weigh In

Several research firms have weighed in on TGS. StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup began coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They set a “buy” rating and a $35.00 price objective for the company.

Transportadora de Gas del Sur Trading Down 0.7 %

The stock has a market cap of $4.21 billion, a PE ratio of 25.87 and a beta of 0.76. The business has a 50-day moving average of $27.07 and a 200 day moving average of $25.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

Institutional Trading of Transportadora de Gas del Sur

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Transportadora de Gas del Sur by 24.4% in the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,036 shares during the period. GAMMA Investing LLC increased its stake in shares of Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock valued at $92,000 after acquiring an additional 1,710 shares during the last quarter. Ping Capital Management Inc. lifted its holdings in shares of Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock worth $1,136,000 after acquiring an additional 1,800 shares during the period. Point72 Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur in the fourth quarter valued at approximately $76,000. Finally, Insigneo Advisory Services LLC acquired a new position in Transportadora de Gas del Sur during the fourth quarter worth approximately $216,000. Institutional investors and hedge funds own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA engages in transportation of natural gas, and production and commercialization of natural gas liquids in Argentina and internationally. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Midstream; and Telecommunications.