Transportadora De Gas Sa Ord B (NYSE:TGS) Trading 8.7% Higher - What's Next?

Key Points

• Transportadora De Gas Sa Ord B (NYSE:TGS) shares increased by 8.7% during trading, reaching a high of $22.79, up from the previous closing price of $21.05.
• Analysts have a consensus rating of Moderate Buy on TGS with a price target of $40.00, although some firms have downgraded their recommendations.
• Institutional investors have shown significant interest in TGS, with Bank of America and GAMMA Investing making substantial increases in their stakes in the company.

Transportadora De Gas Sa Ord B (NYSE:TGS - Get Free Report)'s share price traded up 8.7% during trading on Thursday . The stock traded as high as $22.79 and last traded at $22.89. 458,354 shares traded hands during trading, an increase of 16% from the average session volume of 393,763 shares. The stock had previously closed at $21.05.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on TGS shares. Weiss Ratings reissued a "hold (c)" rating on shares of Transportadora De Gas Sa Ord B in a report on Wednesday. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $40.00.

Transportadora De Gas Sa Ord B Stock Up 10.1%

The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.31 and a current ratio of 3.35. The firm's 50-day simple moving average is $24.87 and its 200 day simple moving average is $26.41. The company has a market cap of $3.49 billion, a P/E ratio of 11.03 and a beta of 0.72.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in Transportadora De Gas Sa Ord B by 339.0% in the 4th quarter. Bank of America Corp DE now owns 14,585 shares of the energy company's stock valued at $427,000 after purchasing an additional 11,263 shares during the last quarter. GAMMA Investing LLC lifted its stake in Transportadora De Gas Sa Ord B by 2,908.9% in the 1st quarter. GAMMA Investing LLC now owns 94,780 shares of the energy company's stock valued at $2,508,000 after purchasing an additional 91,630 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Transportadora De Gas Sa Ord B during the first quarter worth approximately $740,000. ABS Direct Equity Fund LLC lifted its position in Transportadora De Gas Sa Ord B by 5.9% during the first 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 during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Transportadora De Gas Sa Ord B during the first quarter worth approximately $443,000. 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.

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