Transportadora De Gas Sa Ord B (NYSE:TGS) Stock Price Down 5.5% - What's Next?

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) shares fell by 5.5%, trading at $22.67 after hitting a low of $22.70 during the day.
• Despite the stock's recent drop, it has an average rating of "Moderate Buy" with a consensus target price of $40.00 from analysts.
• Institutional investors have been active, with notable purchases increasing their stakes, including Janney Montgomery Scott LLC and TT International Asset Management.

Shares of Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report) were down 5.5% during trading on Tuesday . The stock traded as low as $22.70 and last traded at $22.67. Approximately 430,764 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 396,991 shares. The stock had previously closed at $23.98.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on TGS shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $40.00.

Transportadora De Gas Sa Ord B Trading Down 6.6%

The company has a quick ratio of 3.31, a current ratio of 3.35 and a debt-to-equity ratio of 0.23. The business's fifty day moving average is $24.66 and its 200-day moving average is $26.32. The stock has a market capitalization of $3.37 billion, a PE ratio of 10.66 and a beta of 0.72.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC purchased a new stake in Transportadora De Gas Sa Ord B during the first quarter worth approximately $443,000. GAMMA Investing LLC grew its stake in Transportadora De Gas Sa Ord B by 13.7% during 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. TT International Asset Management LTD lifted its position in shares of Transportadora De Gas Sa Ord B by 3.1% during the first quarter. TT International Asset Management LTD now owns 1,227,656 shares of the energy company's stock worth $32,484,000 after purchasing an additional 37,083 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the first quarter worth $611,000. Finally, SG Americas Securities LLC acquired a new position in shares of Transportadora De Gas Sa Ord B during the first quarter worth $740,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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