Transportadora de Gas del Sur (NYSE:TGS) Shares Down 2.4%

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGSGet Free Report) were down 2.4% on Friday . The company traded as low as $19.88 and last traded at $19.99. Approximately 25,202 shares traded hands during trading, a decline of 90% from the average daily volume of 250,343 shares. The stock had previously closed at $20.48.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th.

Read Our Latest Stock Report on Transportadora de Gas del Sur

Transportadora de Gas del Sur Stock Performance

The stock has a 50-day simple moving average of $17.54 and a 200 day simple moving average of $15.12. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.01 and a quick ratio of 2.97. The company has a market capitalization of $2.96 billion, a PE ratio of 37.06 and a beta of 0.68.

Transportadora de Gas del Sur (NYSE:TGSGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.14. Transportadora de Gas del Sur had a return on equity of 3.65% and a net margin of 8.10%. The business had revenue of $229.02 million for the quarter, compared to the consensus estimate of $209.71 million. Equities analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.77 EPS for the current fiscal year.

Institutional Trading of Transportadora de Gas del Sur

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Transportadora de Gas del Sur by 62.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock valued at $5,378,000 after acquiring an additional 136,499 shares in the last quarter. Jump Financial LLC increased its stake in Transportadora de Gas del Sur by 8.9% in the fourth quarter. Jump Financial LLC now owns 19,600 shares of the energy company’s stock valued at $296,000 after purchasing an additional 1,600 shares during the last quarter. Mackenzie Financial Corp acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at $226,000. Blue Trust Inc. acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at $41,000. Finally, FNY Investment Advisers LLC acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at $73,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

Transportadora de Gas del Sur Company Profile

(Get Free Report)

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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