Citigroup Initiates Coverage on Transportadora de Gas del Sur (NYSE:TGS)

Analysts at Citigroup assumed coverage on shares of Transportadora de Gas del Sur (NYSE:TGS) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $35.00 price target on the energy company’s stock. Citigroup’s price target suggests a potential upside of 26.13% from the stock’s current price.

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 Performance

Shares of Transportadora de Gas del Sur stock opened at $27.75 on Wednesday. The business has a 50-day simple moving average of $29.16 and a 200 day simple moving average of $24.22. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 25.69 and a beta of 0.78. 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 $34.37.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several large investors have recently added to or reduced their stakes in TGS. TT International Asset Management LTD increased its holdings in Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after purchasing an additional 188,268 shares in the last quarter. William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at approximately $5,246,000. Arrowstreet Capital Limited Partnership bought a new stake in Transportadora de Gas del Sur during the fourth quarter worth $2,805,000. Jump Financial LLC raised its position in Transportadora de Gas del Sur by 53.1% in the 4th quarter. Jump Financial LLC now owns 42,271 shares of the energy company’s stock valued at $1,237,000 after buying an additional 14,654 shares during the last quarter. Finally, Ping Capital Management Inc. lifted its stake in Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock valued at $1,136,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors own 3.29% of the company’s stock.

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.