Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down to $21.10

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $21.10, but opened at $20.47. Transportadora de Gas del Sur shares last traded at $20.47, with a volume of 1,497 shares.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research report on Thursday, August 15th.

Transportadora de Gas del Sur Stock Down 1.4 %

The firm has a 50 day simple moving average of $18.79 and a two-hundred day simple moving average of $17.77. The stock has a market capitalization of $3.04 billion, a P/E ratio of 38.26 and a beta of 0.73. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.01.

Transportadora de Gas del Sur (NYSE:TGS - Get Free Report) last posted its earnings results on Monday, August 5th. The energy company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.10. The firm had revenue of $298.68 million during the quarter, compared to analysts' expectations of $379.90 million. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. On average, equities research analysts expect that Transportadora de Gas del Sur S.A. will post 0.74 earnings per share for the current year.

Institutional Trading of Transportadora de Gas del Sur

A number of hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC increased its stake in shares of Transportadora de Gas del Sur by 8.9% in the fourth quarter. Jump Financial LLC now owns 19,600 shares of the energy company's stock valued at $296,000 after buying an additional 1,600 shares during the period. Blue Trust Inc. acquired a new position in shares of Transportadora de Gas del Sur during the second quarter worth $41,000. BNP Paribas Financial Markets acquired a new stake in Transportadora de Gas del Sur in the first quarter valued at $62,000. B. Riley Wealth Advisors Inc. increased its holdings in Transportadora de Gas del Sur by 30.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company's stock valued at $577,000 after purchasing an additional 9,000 shares during the period. Finally, Mackenzie Financial Corp raised its position in Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company's stock worth $474,000 after purchasing an additional 10,800 shares during the last quarter. Institutional investors and hedge funds own 3.29% of the company's stock.

Transportadora de Gas del Sur Company Profile

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.