StockNews.com Downgrades Transportadora de Gas del Sur (NYSE:TGS) to Buy

Transportadora de Gas del Sur (NYSE:TGS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Transportadora de Gas del Sur Stock Up 3.4 %

Shares of TGS opened at $23.81 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. Transportadora de Gas del Sur has a fifty-two week low of $9.50 and a fifty-two week high of $24.76. The firm’s 50 day moving average price is $20.75 and its 200 day moving average price is $19.12.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The company had revenue of $298.68 million for the quarter, compared to analyst estimates of $379.90 million. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. As a group, analysts predict that Transportadora de Gas del Sur will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Transportadora de Gas del Sur by 101.4% during the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after purchasing an additional 725 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of Transportadora de Gas del Sur in the second quarter valued at about $41,000. BNP Paribas Financial Markets acquired a new stake in shares of Transportadora de Gas del Sur in the first quarter valued at approximately $62,000. Mackenzie Financial Corp increased its stake in shares of Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock worth $474,000 after purchasing an additional 10,800 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Transportadora de Gas del Sur during the 2nd quarter worth approximately $514,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora de Gas del Sur

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.