Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Up - Still a Buy?

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $25.39, but opened at $28.19. Transportadora de Gas del Sur shares last traded at $28.79, with a volume of 119,007 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TGS. 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, February 19th. Citigroup started coverage on shares of Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a "buy" rating and a $35.00 price target for the company.

Transportadora de Gas del Sur Trading Up 1.7 %

The firm has a market capitalization of $4.12 billion, a P/E ratio of 25.35 and a beta of 0.62. The stock's 50-day simple moving average is $26.02 and its two-hundred day simple moving average is $26.41. 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 Trading of Transportadora de Gas del Sur

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Transportadora de Gas del Sur by 67.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock valued at $42,574,000 after purchasing an additional 583,991 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur during the 4th quarter valued at $9,812,000. William Blair Investment Management LLC bought a new stake in Transportadora de Gas del Sur in the fourth quarter worth $5,246,000. Brevan Howard Capital Management LP purchased a new position in Transportadora de Gas del Sur during the fourth quarter worth $4,813,000. Finally, Seldon Capital LP bought a new position in Transportadora de Gas del Sur during the fourth quarter valued at $3,771,000. Institutional investors 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.