Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Down 5.7% - Here's What Happened

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) shares dropped 5.7% during mid-day trading on Friday . The company traded as low as $27.17 and last traded at $27.15. Approximately 44,075 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 324,788 shares. The stock had previously closed at $28.80.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Santander raised shares of Transportadora De Gas Sa Ord B to an "outperform" rating in a report on Wednesday, May 14th. Citigroup lifted their target price on Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Monday, May 19th. Finally, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "strong-buy" rating to a "buy" rating in a report on Monday, May 12th.

Transportadora De Gas Sa Ord B Stock Down 4.5%

The company has a 50-day moving average price of $28.06 and a 200 day moving average price of $27.81. The firm has a market capitalization of $4.14 billion, a PE ratio of 10.95 and a beta of 0.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.97 and a quick ratio of 2.94.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings in Transportadora De Gas Sa Ord B 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 acquiring an additional 432 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Transportadora De Gas Sa Ord B in the fourth quarter worth about $76,000. NewEdge Advisors LLC boosted its stake in Transportadora De Gas Sa Ord B by 28.8% during the first quarter. NewEdge Advisors LLC now owns 12,176 shares of the energy company's stock valued at $322,000 after buying an additional 2,725 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in Transportadora De Gas Sa Ord B by 14.4% during the 1st quarter. Allianz Asset Management GmbH now owns 27,923 shares of the energy company's stock valued at $739,000 after buying an additional 3,507 shares in the last quarter. Finally, ABS Direct Equity Fund LLC raised its holdings in shares of Transportadora De Gas Sa Ord B by 5.9% during the 1st quarter. ABS Direct Equity Fund LLC now owns 63,200 shares of the energy company's stock worth $1,672,000 after acquiring an additional 3,531 shares in the last quarter. Institutional investors own 3.29% of the company's stock.

Transportadora De Gas Sa Ord B 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.