Transportadora De Gas Sa Ord B (NYSE:TGS) Shares Gap Up - What's Next?

Key Points

• Transportadora De Gas Sa Ord B shares opened at $22.90 after a previous close of $20.60, indicating a significant upward movement.
• Analysts have recently downgraded the stock from a "buy" to a "hold" rating, while maintaining a consensus target price of $40.00.
• The company announced a $0.9279 dividend paid to shareholders, reflecting a dividend payout ratio of 43.81%.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $20.60, but opened at $22.90. Transportadora De Gas Sa Ord B shares last traded at $22.47, with a volume of 224,332 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $40.00.

Transportadora De Gas Sa Ord B Stock Performance

The stock has a 50-day moving average of $26.29 and a 200 day moving average of $26.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.35 and a quick ratio of 3.31. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 10.90 and a beta of 0.82.

Institutional Trading of Transportadora De Gas Sa Ord B

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in Transportadora De Gas Sa Ord B in the first quarter worth about $443,000. GAMMA Investing LLC grew its position in shares of Transportadora De Gas Sa Ord B by 13.7% during the 1st 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. TT International Asset Management LTD grew its position in shares of Transportadora De Gas Sa Ord B by 3.1% during the 1st quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after buying an additional 37,083 shares during the period. Penserra Capital Management LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth about $611,000. Finally, SG Americas Securities LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the 1st quarter worth about $740,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

About Transportadora De Gas Sa Ord B

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.