Transportadora de Gas del Sur (NYSE:TGS) Price Target Raised to $40.00 at Citigroup

Transportadora de Gas del Sur (NYSE:TGS) had its target price boosted by Citigroup from $35.00 to $40.00 in a research report released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the energy company’s stock.

A number of other research firms also recently weighed in on TGS. StockNews.com downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 12th. Santander raised Transportadora de Gas del Sur to an “outperform” rating in a report on Wednesday, May 14th.

Transportadora de Gas del Sur Price Performance

Shares of TGS stock opened at $31.90 on Monday. Transportadora de Gas del Sur has a 1 year low of $14.16 and a 1 year high of $34.37. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $26.57 and its 200-day moving average is $27.50. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.54 and a beta of 0.73.

Institutional Trading of Transportadora de Gas del Sur

Institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth $2,805,000. Aquatic Capital Management LLC bought a new position in Transportadora de Gas del Sur during the fourth quarter worth about $400,000. Balyasny Asset Management L.P. bought a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at about $9,812,000. Hood River Capital Management LLC acquired a new position in Transportadora de Gas del Sur during the fourth quarter valued at approximately $644,000. Finally, Jane Street Group LLC raised its holdings in Transportadora de Gas del Sur by 101.7% in the fourth quarter. Jane Street Group LLC now owns 52,921 shares of the energy company’s stock worth $1,549,000 after purchasing an additional 26,684 shares during the period. Institutional investors and hedge funds own 3.29% of the company’s stock.

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.