Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down to $18.72

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $18.72, but opened at $18.11. Transportadora de Gas del Sur shares last traded at $18.75, with a volume of 19,233 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th.

Transportadora de Gas del Sur Price Performance

The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 36.47 and a beta of 0.85. The stock has a fifty day simple moving average of $18.33 and a 200-day simple moving average of $15.84. The company has a current ratio of 3.01, a quick ratio of 2.97 and a debt-to-equity ratio of 0.31.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings results on Monday, May 6th. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.31 by $0.14. Transportadora de Gas del Sur had a return on equity of 3.65% and a net margin of 8.10%. The firm had revenue of $229.02 million during the quarter, compared to analysts’ expectations of $209.71 million. As a group, equities research analysts expect that Transportadora de Gas del Sur S.A. will post 0.77 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of hedge funds and other institutional investors have recently made changes to their positions in TGS. TT International Asset Management LTD raised its holdings in shares of Transportadora de Gas del Sur by 72.4% in the 4th quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company’s stock worth $16,692,000 after buying an additional 464,423 shares in the last quarter. Helikon Investments Ltd bought a new position in shares of Transportadora de Gas del Sur in the first quarter valued at approximately $3,329,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Transportadora de Gas del Sur by 62.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock worth $5,378,000 after acquiring an additional 136,499 shares in the last quarter. Quadrature Capital Ltd grew its position in Transportadora de Gas del Sur by 95.1% during the 3rd quarter. Quadrature Capital Ltd now owns 101,510 shares of the energy company’s stock worth $1,032,000 after acquiring an additional 49,471 shares during the last quarter. Finally, Glenorchy Capital Ltd acquired a new stake in Transportadora de Gas del Sur during the 4th quarter valued at $717,000. 3.29% of the stock is owned by 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.