Transportadora de Gas del Sur (NYSE:TGS) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.51 and traded as high as $21.16. Transportadora de Gas del Sur shares last traded at $20.24, with a volume of 117,153 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 15th.

Transportadora de Gas del Sur Stock Up 2.4 %

The company has a market cap of $3.16 billion, a PE ratio of 39.57 and a beta of 0.73. The business has a 50-day simple moving average of $19.79 and a 200-day simple moving average of $18.53. 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 (NYSE:TGS) last released its earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.10. The business had revenue of $298.68 million for the quarter, compared to the consensus estimate of $379.90 million. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. Equities research analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd lifted its position in Transportadora de Gas del Sur by 101.9% during the first quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock worth $1,141,000 after buying an additional 38,123 shares in the last quarter. Helikon Investments Ltd purchased a new position in Transportadora de Gas del Sur during the first quarter worth approximately $3,329,000. SPX Gestao de Recursos Ltda lifted its position in Transportadora de Gas del Sur by 60.0% during the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after buying an additional 69,556 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its position in Transportadora de Gas del Sur by 30.8% during the first quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock worth $577,000 after buying an additional 9,000 shares in the last quarter. Finally, Blue Trust Inc. purchased a new position in Transportadora de Gas del Sur during the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Company Profile

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.