Investors Purchase Large Volume of Put Options on Transportadora de Gas del Sur (NYSE:TGS)

Transportadora de Gas del Sur S.A. (NYSE:TGS) saw some unusual options trading on Thursday. Investors bought 4,722 put options on the company. This represents an increase of 1,187% compared to the typical volume of 367 put options.

Institutional Trading of Transportadora de Gas del Sur

Several institutional investors have recently modified their holdings of TGS. Ping Capital Management Inc. bought a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at about $759,000. Turim 21 Investimentos Ltda. bought a new stake in Transportadora de Gas del Sur in the second quarter valued at approximately $514,000. Mackenzie Financial Corp increased its position in Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after purchasing an additional 10,800 shares during the period. SPX Gestao de Recursos Ltda raised its holdings in Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after purchasing an additional 69,556 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Transportadora de Gas del Sur by 101.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after purchasing an additional 725 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 6th.

Transportadora de Gas del Sur Stock Up 10.7 %

NYSE:TGS opened at $32.40 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. Transportadora de Gas del Sur has a one year low of $11.81 and a one year high of $32.83. The firm’s 50 day simple moving average is $27.38 and its 200 day simple moving average is $21.96. The company has a market cap of $4.88 billion, a PE ratio of 30.00 and a beta of 0.80.

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.