Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) dropped 6.9% on Tuesday . The stock traded as low as $25.39 and last traded at $25.36. Approximately 225,641 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 252,679 shares. The stock had previously closed at $27.24.
Analyst Ratings Changes
TGS has been the subject of several research reports. Citigroup initiated coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a "buy" rating and a $35.00 target price for the company. StockNews.com upgraded Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a report on Wednesday, February 19th.
View Our Latest Stock Analysis on TGS
Transportadora de Gas del Sur Stock Up 2.6 %
The firm has a market capitalization of $4.16 billion, a PE ratio of 25.57 and a beta of 0.76. The company has a fifty day simple moving average of $27.18 and a two-hundred day simple moving average of $25.67. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.
Institutional Investors Weigh In On Transportadora de Gas del Sur
A number of hedge funds have recently made changes to their positions in TGS. Point72 Asset Management L.P. purchased a new stake in shares of Transportadora de Gas del Sur during the 4th quarter worth $76,000. GAMMA Investing LLC increased its position in Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company's stock valued at $92,000 after buying an additional 1,710 shares in the last quarter. Blue Trust Inc. increased its position in Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock valued at $154,000 after buying an additional 1,036 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Transportadora de Gas del Sur in the third quarter worth about $190,000. Finally, Insigneo Advisory Services LLC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth about $216,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.
About Transportadora de Gas del Sur
(
Get Free Report)
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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