Transportadora de Gas del Sur (NYSE:TGS) Stock Price Crosses Above 200 Day Moving Average of $16.05

Transportadora de Gas del Sur S.A. (NYSE:TGSGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.05 and traded as high as $18.47. Transportadora de Gas del Sur shares last traded at $18.16, with a volume of 75,526 shares changing hands.

Wall Street Analyst Weigh In

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

Check Out Our Latest Analysis on Transportadora de Gas del Sur

Transportadora de Gas del Sur Price Performance

The company has a quick ratio of 2.97, a current ratio of 3.01 and a debt-to-equity ratio of 0.31. The firm has a market cap of $2.73 billion, a PE ratio of 34.26 and a beta of 0.82. The firm’s fifty day simple moving average is $18.58 and its two-hundred day simple moving average is $16.05.

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

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $41,000. Tower Research Capital LLC TRC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $53,000. BNP Paribas Financial Markets purchased a new position in shares of Transportadora de Gas del Sur in the first quarter worth $62,000. FNY Investment Advisers LLC purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $73,000. Finally, OLD National Bancorp IN purchased a new position in shares of Transportadora de Gas del Sur in the fourth quarter worth $172,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

(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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