Transportadora de Gas del Sur (NYSE:TGS) Lowered to “Buy” at StockNews.com

StockNews.com cut shares of Transportadora de Gas del Sur (NYSE:TGS) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

Transportadora de Gas del Sur Trading Down 2.9 %

Shares of TGS opened at $10.23 on Tuesday. The stock’s fifty day simple moving average is $11.54 and its 200 day simple moving average is $12.14. The firm has a market capitalization of $1.54 billion, a P/E ratio of 10.13 and a beta of 0.55. The company has a current ratio of 3.93, a quick ratio of 3.87 and a debt-to-equity ratio of 0.31. Transportadora de Gas del Sur has a twelve month low of $8.03 and a twelve month high of $14.19.

Transportadora de Gas del Sur (NYSE:TGS) last released its quarterly earnings data on Monday, August 7th. The energy company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.34. The company had revenue of $245.89 million for the quarter, compared to the consensus estimate of $231.85 million. Transportadora de Gas del Sur had a return on equity of 8.32% and a net margin of 15.60%. On average, equities research analysts forecast that Transportadora de Gas del Sur will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently made changes to their positions in the business. Banco BTG Pactual S.A. raised its position in Transportadora de Gas del Sur by 470.8% in the first quarter. Banco BTG Pactual S.A. now owns 83,208 shares of the energy company’s stock valued at $904,000 after purchasing an additional 68,631 shares during the period. Mirabella Financial Services LLP purchased a new stake in shares of Transportadora de Gas del Sur during the 1st quarter valued at about $153,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Transportadora de Gas del Sur by 29.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 174,765 shares of the energy company’s stock valued at $1,790,000 after purchasing an additional 40,259 shares during the period. Morgan Stanley raised its stake in shares of Transportadora de Gas del Sur by 365.2% during the fourth quarter. Morgan Stanley now owns 451,700 shares of the energy company’s stock valued at $5,330,000 after purchasing an additional 354,593 shares during the period. Finally, Vident Investment Advisory LLC raised its stake in shares of Transportadora de Gas del Sur by 16.3% during the fourth quarter. Vident Investment Advisory LLC now owns 18,550 shares of the energy company’s stock valued at $219,000 after purchasing an additional 2,597 shares during the period. Hedge funds and other institutional investors own 2.95% of the company’s stock.

Transportadora de Gas del Sur 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; Other Services; and Telecommunications.