Transportadora de Gas del Sur (NYSE:TGS) Lowered to Buy Rating by StockNews.com

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

Transportadora de Gas del Sur Trading Up 1.8 %

Transportadora de Gas del Sur stock traded up $0.40 during trading hours on Wednesday, reaching $23.00. 340,898 shares of the company’s stock traded hands, compared to its average volume of 206,257. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.05. 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 is $20.65 and its 200-day moving average is $19.09.

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

Institutional Investors Weigh In On Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Transportadora de Gas del Sur by 101.4% in 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 period. Blue Trust Inc. acquired a new position in Transportadora de Gas del Sur in the second quarter valued at approximately $41,000. BNP Paribas Financial Markets acquired a new position in Transportadora de Gas del Sur in the first quarter valued at approximately $62,000. Mackenzie Financial Corp lifted its stake in Transportadora de Gas del Sur by 76.1% in the second quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock valued at $474,000 after buying an additional 10,800 shares during the period. Finally, Turim 21 Investimentos Ltda. bought a new stake in shares of Transportadora de Gas del Sur during the second quarter valued at approximately $514,000. Institutional investors and hedge funds 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.