Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) dropped 5.3% during mid-day trading on Thursday . The company traded as low as $29.12 and last traded at $29.11. Approximately 134,268 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 254,189 shares. The stock had previously closed at $30.72.
Analysts Set New Price Targets
Several analysts have recently issued reports on the company. Wall Street Zen cut Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup boosted their price objective on shares of Transportadora de Gas del Sur from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Finally, Santander upgraded shares of Transportadora de Gas del Sur to an "outperform" rating in a report on Wednesday, May 14th.
View Our Latest Research Report on Transportadora de Gas del Sur
Transportadora de Gas del Sur Trading Down 2.8%
The company has a market cap of $4.23 billion, a PE ratio of 26.03 and a beta of 0.73. The business's 50-day simple moving average is $27.20 and its 200-day simple moving average is $27.89. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.
Hedge Funds Weigh In On Transportadora de Gas del Sur
Institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Transportadora de Gas del Sur by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company's stock worth $42,574,000 after purchasing an additional 583,991 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth approximately $9,812,000. Fourth Sail Capital LP purchased a new position in shares of Transportadora de Gas del Sur in the 1st quarter worth approximately $4,887,000. William Blair Investment Management LLC purchased a new position in Transportadora de Gas del Sur in the fourth quarter valued at approximately $5,246,000. Finally, Brevan Howard Capital Management LP purchased a new position in Transportadora de Gas del Sur in the fourth quarter valued at approximately $4,813,000. Institutional investors and hedge funds own 3.29% of the company's stock.
Transportadora de Gas del Sur Company Profile
(
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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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