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Transportadora de Gas del Sur (NYSE:TGS) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Transportadora de Gas del Sur logo with Energy background

Transportadora de Gas del Sur S.A. (NYSE:TGS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.84 and traded as high as $28.19. Transportadora de Gas del Sur shares last traded at $27.19, with a volume of 263,282 shares.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TGS. Santander raised shares of Transportadora de Gas del Sur to an "outperform" rating in a report on Wednesday, May 14th. Wall Street Zen cut shares of Transportadora de Gas del Sur from a "strong-buy" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Citigroup increased their target price on shares of Transportadora de Gas del Sur from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, May 19th.

Read Our Latest Research Report on TGS

Transportadora de Gas del Sur Stock Performance

The business has a 50 day moving average of $27.23 and a 200-day moving average of $27.84. The company has a market capitalization of $4.25 billion, a P/E ratio of 26.16 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at approximately $76,000. GAMMA Investing LLC lifted its holdings in Transportadora de Gas del Sur by 13.7% in the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company's stock worth $95,000 after buying an additional 432 shares during the period. Insigneo Advisory Services LLC bought a new stake in Transportadora de Gas del Sur during the 4th quarter valued at approximately $216,000. NewEdge Advisors LLC boosted its position in Transportadora de Gas del Sur by 1,493.8% during the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company's stock valued at $277,000 after acquiring an additional 8,858 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter worth approximately $400,000. 3.29% of the stock is owned by institutional investors.

Transportadora de Gas del Sur Company Profile

(Get Free Report)

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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