Transportadora de Gas del Sur (NYSE:TGS) Trading Down 5%

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) shares traded down 5% on Wednesday . The company traded as low as $18.34 and last traded at $18.42. 56,209 shares were traded during mid-day trading, a decline of 77% from the average session volume of 249,684 shares. The stock had previously closed at $19.39.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Transportadora de Gas del Sur from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 16th.

Transportadora de Gas del Sur Trading Down 6.0 %

The stock has a market capitalization of $2.74 billion, a PE ratio of 34.38 and a beta of 0.68. The company has a quick ratio of 2.97, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The business's 50-day moving average is $16.82 and its two-hundred day moving average is $14.72.

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 8.10% and a return on equity of 3.65%. The company had revenue of $249.63 million during the quarter, compared to analysts' expectations of $227.09 million. On average, analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TGS. TT International Asset Management LTD raised its holdings in Transportadora de Gas del Sur by 72.4% during the fourth quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company's stock worth $16,692,000 after purchasing an additional 464,423 shares in the last quarter. Helikon Investments Ltd acquired a new position in Transportadora de Gas del Sur during the first quarter worth about $3,329,000. Mirae Asset Global Investments Co. Ltd. grew its position in Transportadora de Gas del Sur by 62.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company's stock worth $5,378,000 after buying an additional 136,499 shares during the period. Quadrature Capital Ltd grew its position in Transportadora de Gas del Sur by 95.1% during the third quarter. Quadrature Capital Ltd now owns 101,510 shares of the energy company's stock worth $1,032,000 after buying an additional 49,471 shares during the period. Finally, Glenorchy Capital Ltd acquired a new position in Transportadora de Gas del Sur during the fourth quarter worth about $717,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

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.