Transportadora de Gas del Sur (NYSE:TGS) Hits New 52-Week High – Here’s What Happened

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $34.37 and last traded at $33.24, with a volume of 349877 shares trading hands. The stock had previously closed at $32.59.

Analyst Ratings Changes

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

Transportadora de Gas del Sur Price Performance

The stock has a market capitalization of $5.00 billion, a P/E ratio of 30.78 and a beta of 0.80. The company has a 50 day moving average of $28.02 and a 200-day moving average of $22.31. 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

Large investors have recently modified their holdings of the business. TT International Asset Management LTD grew its position in shares of Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after buying an additional 188,268 shares during the last quarter. SPX Gestao de Recursos Ltda grew its holdings in shares of 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 valued at $3,521,000 after purchasing an additional 69,556 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter worth approximately $514,000. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur during the 3rd quarter worth approximately $481,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Transportadora de Gas del Sur by 76.1% in the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock worth $474,000 after purchasing an additional 10,800 shares during the last quarter. 3.29% of the stock is currently 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.