Transportadora de Gas del Sur (NYSE:TGS) Shares Up 5.5% on Analyst Upgrade

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price traded up 5.5% during trading on Monday after Citigroup raised their price target on the stock from $35.00 to $40.00. Citigroup currently has a buy rating on the stock. Transportadora de Gas del Sur traded as high as $32.20 and last traded at $32.41. 272,775 shares were traded during mid-day trading, a decline of 17% from the average session volume of 329,612 shares. The stock had previously closed at $30.71.

TGS has been the subject of a number of other research reports. Santander raised shares of Transportadora de Gas del Sur to an “outperform” rating in a research note on Wednesday, May 14th. StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $76,000. GAMMA Investing LLC grew its position in Transportadora de Gas del Sur by 13.7% during the first quarter. GAMMA Investing LLC now owns 3,582 shares of the energy company’s stock valued at $95,000 after buying an additional 432 shares during the period. Blue Trust Inc. raised its position in shares of Transportadora de Gas del Sur by 24.4% in the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after acquiring an additional 1,036 shares during the period. Insigneo Advisory Services LLC purchased a new stake in shares of Transportadora de Gas del Sur during the 4th quarter worth about $216,000. Finally, NewEdge Advisors LLC grew its position in shares of Transportadora de Gas del Sur by 1,493.8% during the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock valued at $277,000 after acquiring an additional 8,858 shares during the period. 3.29% of the stock is currently owned by institutional investors and hedge funds.

Transportadora de Gas del Sur Price Performance

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 stock has a 50-day moving average price of $26.57 and a 200 day moving average price of $27.50. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.54 and a beta of 0.73.

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.