Transportadora de Gas del Sur (NYSE:TGS) Trading Down 4%

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s stock price fell 4% during mid-day trading on Tuesday . The company traded as low as $17.35 and last traded at $17.35. 128,927 shares changed hands during trading, a decline of 49% from the average session volume of 251,787 shares. The stock had previously closed at $18.08.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGS. StockNews.com lowered shares of Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 28th. TheStreet upgraded shares of Transportadora de Gas del Sur from a "c" rating to a "b-" rating in a research note on Tuesday, January 2nd.

Transportadora de Gas del Sur Stock Performance

The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 63.07 and a beta of 0.71. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $14.13 and a 200 day moving average price of $13.30.

Transportadora de Gas del Sur (NYSE:TGS - Get Free Report) last announced its quarterly earnings data on Monday, March 4th. The energy company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. The company had revenue of $249.63 million for the quarter, compared to analyst estimates of $227.09 million. On average, analysts forecast that Transportadora de Gas del Sur S.A. will post 0.07 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. TT International Asset Management LTD boosted its holdings in shares of Transportadora de Gas del Sur by 72.4% in the fourth quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company's stock valued at $16,692,000 after acquiring an additional 464,423 shares during the period. Morgan Stanley boosted its holdings in shares of Transportadora de Gas del Sur by 365.2% in the fourth quarter. Morgan Stanley now owns 451,700 shares of the energy company's stock valued at $5,330,000 after acquiring an additional 354,593 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Transportadora de Gas del Sur by 62.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company's stock valued at $5,378,000 after acquiring an additional 136,499 shares during the period. Eaton Vance Management acquired a new stake in shares of Transportadora de Gas del Sur in the first quarter valued at approximately $2,394,000. Finally, Millennium Management LLC boosted its holdings in shares of Transportadora de Gas del Sur by 48.5% in the second quarter. Millennium Management LLC now owns 303,638 shares of the energy company's stock valued at $1,561,000 after acquiring an additional 99,142 shares during the period. 3.29% of the stock is owned by institutional investors and hedge funds.

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; Other Services; and Telecommunications.