Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down - Should You Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $27.27, but opened at $25.84. Transportadora de Gas del Sur shares last traded at $27.12, with a volume of 112,314 shares traded.

Analysts Set New Price Targets

TGS has been the subject of several recent research reports. StockNews.com raised shares of Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a "buy" rating and a $35.00 price objective for the company.

Transportadora de Gas del Sur Stock Down 3.0 %

The company has a market cap of $4.13 billion, a price-to-earnings ratio of 25.42 and a beta of 0.78. The firm's 50-day moving average price is $28.95 and its 200-day moving average price is $24.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter valued at $76,000. Blue Trust Inc. boosted its stake in shares of Transportadora de Gas del Sur by 97.2% in the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company's stock valued at $80,000 after purchasing an additional 2,090 shares during the period. GAMMA Investing LLC boosted its stake in shares of Transportadora de Gas del Sur by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock valued at $92,000 after purchasing an additional 1,710 shares during the period. Virtu Financial LLC purchased a new position in shares of Transportadora de Gas del Sur in the third quarter valued at $190,000. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter valued at $216,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

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.