Transportadora de Gas del Sur (NYSE:TGS) Reaches New 12-Month High at $17.20

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $17.20 and last traded at $17.01, with a volume of 17855 shares changing hands. The stock had previously closed at $17.09.

Wall Street Analyst Weigh In

A number of brokerages have commented on TGS. StockNews.com cut Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th. TheStreet raised Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research note on Tuesday, January 2nd.

Transportadora de Gas del Sur Stock Up 10.9 %

The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 66.25 and a beta of 0.71. The company has a quick ratio of 3.49, a current ratio of 3.56 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $14.02 and a 200 day simple moving average of $13.18.

Transportadora de Gas del Sur (NYSE:TGS) last announced its earnings results on Monday, March 4th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.40). The company had revenue of $249.63 million for the quarter, compared to analysts’ expectations of $227.09 million. Transportadora de Gas del Sur had a net margin of 4.16% and a return on equity of 1.88%. As a group, analysts expect that Transportadora de Gas del Sur S.A. will post 0.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. PEAK6 Investments LLC purchased a new position in Transportadora de Gas del Sur in the first quarter worth $80,000. Eqis Capital Management Inc. purchased a new position in Transportadora de Gas del Sur in the first quarter worth $81,000. Eaton Vance Management purchased a new position in Transportadora de Gas del Sur in the first quarter worth $2,394,000. Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur in the first quarter worth $144,000. Finally, JPMorgan Chase & Co. boosted its position in Transportadora de Gas del Sur by 44.9% in the second quarter. JPMorgan Chase & Co. now owns 58,226 shares of the energy company’s stock worth $299,000 after purchasing an additional 18,037 shares during the last quarter. Hedge funds and other institutional investors 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; Other Services; and Telecommunications.