Transportadora de Gas del Sur (NYSE:TGS) Shares Down 6.9%

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report)'s share price dropped 6.9% during mid-day trading on Monday . The company traded as low as $15.69 and last traded at $15.74. Approximately 291,224 shares changed hands during mid-day trading, an increase of 15% from the average daily volume of 252,311 shares. The stock had previously closed at $16.90.

Wall Street Analysts Forecast Growth

TGS has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Transportadora de Gas del Sur from a "c" rating to a "b-" rating in a report on Tuesday, January 2nd. StockNews.com cut shares of Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 28th.

Transportadora de Gas del Sur Trading Down 7.7 %

The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 55.71 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.56 and a quick ratio of 3.49. The business's 50-day simple moving average is $14.29 and its two-hundred day simple moving average is $13.48.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Transportadora de Gas del Sur during the third quarter worth $25,000. Point72 Asset Management L.P. bought a new position in shares of Transportadora de Gas del Sur during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC bought a new position in shares of Transportadora de Gas del Sur during the first quarter worth about $27,000. Blue Trust Inc. bought a new position in shares of Transportadora de Gas del Sur during the fourth quarter worth about $41,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Transportadora de Gas del Sur during the second quarter worth about $66,000. 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.