Transportadora de Gas del Sur (NYSE:TGS - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday.
Separately, Citigroup assumed coverage on shares of Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a "buy" rating and a $35.00 target price on the stock.
Read Our Latest Report on Transportadora de Gas del Sur
Transportadora de Gas del Sur Stock Down 1.8%
TGS traded down $0.58 during trading on Monday, reaching $30.76. 317,670 shares of the stock were exchanged, compared to its average volume of 251,203. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock's 50 day moving average price is $26.34 and its two-hundred day moving average price is $27.30. Transportadora de Gas del Sur has a twelve month low of $14.16 and a twelve month high of $34.37. The stock has a market cap of $4.63 billion, a P/E ratio of 28.48 and a beta of 0.73.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC lifted its holdings in Transportadora de Gas del Sur by 28.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after purchasing an additional 2,725 shares during the last quarter. Millennium Management LLC grew its stake in Transportadora de Gas del Sur by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company's stock valued at $3,808,000 after buying an additional 127,702 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Transportadora de Gas del Sur by 2.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,490,547 shares of the energy company's stock valued at $39,440,000 after acquiring an additional 36,023 shares during the period. Cubist Systematic Strategies LLC lifted its position in Transportadora de Gas del Sur by 66.9% during the first quarter. Cubist Systematic Strategies LLC now owns 57,609 shares of the energy company's stock worth $1,524,000 after acquiring an additional 23,094 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Transportadora de Gas del Sur during the first quarter worth approximately $2,341,000. 3.29% of the stock is owned by institutional investors and hedge funds.
About Transportadora de Gas del Sur
(
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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.
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