Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) fell 5.3% during trading on Thursday . The stock traded as low as $29.12 and last traded at $29.11. 134,268 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 254,189 shares. The stock had previously closed at $30.72.
Wall Street Analysts Forecast Growth
Several analysts have commented on the company. Citigroup upped their price objective on 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. Santander raised Transportadora de Gas del Sur to an "outperform" rating in a report on Wednesday, May 14th. Finally, Wall Street Zen lowered shares of Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research report on Monday, May 12th.
Check Out Our Latest Research Report on Transportadora de Gas del Sur
Transportadora de Gas del Sur Trading Down 0.0%
The company has a market cap of $4.22 billion, a price-to-earnings ratio of 25.93 and a beta of 0.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The business's 50-day simple moving average is $27.20 and its 200-day simple moving average is $27.90.
Hedge Funds Weigh In On Transportadora de Gas del Sur
A number of institutional investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Transportadora de Gas del Sur during the fourth quarter valued at $76,000. GAMMA Investing LLC lifted its holdings in Transportadora de Gas del Sur by 13.7% in the 1st quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock valued at $95,000 after purchasing an additional 432 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company's stock worth $154,000 after purchasing an additional 1,036 shares during the last quarter. Insigneo Advisory Services LLC purchased a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth about $216,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Transportadora de Gas del Sur by 1,493.8% during the fourth quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock worth $277,000 after buying an additional 8,858 shares in the last quarter. 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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