Transportadora de Gas del Sur (NYSE:TGS) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.06 and traded as high as $29.13. Transportadora de Gas del Sur shares last traded at $28.35, with a volume of 351,590 shares changing hands.

Analysts Set New Price Targets

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 Price Performance

The firm’s 50-day moving average is $29.34 and its 200-day moving average is $23.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TGS. Turim 21 Investimentos Ltda. purchased a new position in Transportadora de Gas del Sur in the second quarter worth $514,000. Mackenzie Financial Corp lifted its stake in Transportadora de Gas del Sur by 76.1% in the second 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 last quarter. SPX Gestao de Recursos Ltda lifted its holdings in Transportadora de Gas del Sur by 60.0% during the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after purchasing an additional 69,556 shares during the last quarter. GAMMA Investing LLC grew its stake in Transportadora de Gas del Sur by 101.4% in 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. Finally, Blue Trust Inc. boosted its position in shares of Transportadora de Gas del Sur by 97.2% in the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock valued at $80,000 after acquiring an additional 2,090 shares during the period. Institutional investors own 3.29% of the company’s stock.

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.