Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s share price was up 7.2% during trading on Monday . The company traded as high as $26.98 and last traded at $27.24. Approximately 118,373 shares changed hands during trading, a decline of 68% from the average daily volume of 367,158 shares. The stock had previously closed at $25.41.
Wall Street Analysts Forecast Growth
TGS has been the topic of several analyst reports. Citigroup assumed 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 target price on the stock. StockNews.com raised Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 19th.
Get Our Latest Report on Transportadora de Gas del Sur
Transportadora de Gas del Sur Price Performance
The stock has a fifty day moving average of $28.37 and a two-hundred day moving average of $25.12. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 22.29 and a beta of 0.76. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Transportadora de Gas del Sur by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock worth $42,574,000 after acquiring an additional 583,991 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur during the fourth quarter worth $9,812,000. TT International Asset Management LTD grew its holdings in Transportadora de Gas del Sur by 17.3% in the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company's stock valued at $23,462,000 after purchasing an additional 188,268 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter valued at $5,246,000. Finally, Brevan Howard Capital Management LP acquired a new position in shares of Transportadora de Gas del Sur during the 4th quarter worth $4,813,000. 3.29% of the stock is owned by hedge funds and other institutional investors.
Transportadora de Gas del Sur Company Profile
(
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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.
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