Transportadora de Gas del Sur (NYSE:TGS) Stock Price Down 3.7%

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s stock price traded down 3.7% during mid-day trading on Wednesday . The company traded as low as $19.96 and last traded at $20.05. 104,185 shares were traded during mid-day trading, a decline of 51% from the average session volume of 214,781 shares. The stock had previously closed at $20.83.

Analyst Upgrades and Downgrades

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

Transportadora de Gas del Sur Stock Performance

The company has a market cap of $3.10 billion, a PE ratio of 38.06 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.05. The firm's 50 day moving average is $18.67 and its 200-day moving average is $17.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. purchased a new position in Transportadora de Gas del Sur during the second quarter worth about $41,000. BNP Paribas Financial Markets purchased a new stake in shares of Transportadora de Gas del Sur during the 1st quarter valued at approximately $62,000. Jump Financial LLC lifted its holdings in 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 acquiring an additional 1,600 shares during the last quarter. Mackenzie Financial Corp grew its position in Transportadora de Gas del Sur by 76.1% in the second quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company's stock worth $474,000 after acquiring an additional 10,800 shares during the period. Finally, Turim 21 Investimentos Ltda. acquired a new stake in Transportadora de Gas del Sur during the second quarter worth $514,000. 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.