Transportadora de Gas del Sur (NYSE:TGS) Stock Price Up 3% – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price was up 3% during trading on Friday . The stock traded as high as $29.85 and last traded at $29.85. Approximately 120,364 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 222,048 shares. The stock had previously closed at $28.97.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

Transportadora de Gas del Sur Price Performance

The company has a 50 day moving average price of $26.50 and a 200-day moving average price of $21.55. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 27.64 and a beta of 0.80. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. TT International Asset Management LTD raised its position in shares of Transportadora de Gas del Sur by 17.3% during the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after acquiring an additional 188,268 shares during the last quarter. SPX Gestao de Recursos Ltda increased its position in Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after purchasing an additional 69,556 shares during the period. Ping Capital Management Inc. bought a new position in Transportadora de Gas del Sur during the 2nd quarter worth approximately $759,000. Turim 21 Investimentos Ltda. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter worth approximately $514,000. Finally, Jane Street Group LLC bought a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter valued at $481,000. 3.29% of the stock is owned by institutional investors.

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.