Transportadora de Gas del Sur (NYSE:TGS) Hits New 12-Month High – What’s Next?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.52 and last traded at $23.32, with a volume of 60240 shares traded. The stock had previously closed at $22.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 15th.

Transportadora de Gas del Sur Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a 50-day simple moving average of $20.38 and a 200-day simple moving average of $18.91.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. The firm had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $379.90 million. As a group, equities analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in shares of Transportadora de Gas del Sur by 97.2% during the 3rd quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock valued at $80,000 after buying an additional 2,090 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 valued at $26,000 after buying an additional 725 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its position in shares of 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 valued at $3,521,000 after buying an additional 69,556 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of 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 buying an additional 10,800 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new position in shares of Transportadora de Gas del Sur during the 2nd quarter valued at about $514,000. 3.29% of the stock is owned by hedge funds and other 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.