Transportadora de Gas del Sur (NYSE:TGS) Trading Down 6.7%

Transportadora de Gas del Sur S.A. (NYSE:TGS) dropped 6.7% on Monday . The company traded as low as $17.61 and last traded at $17.71. Approximately 95,419 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 243,389 shares. The stock had previously closed at $18.98.

Analyst Ratings Changes

Separately, StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 16th.

Transportadora de Gas del Sur Stock Performance

The business’s fifty day simple moving average is $18.44 and its 200-day simple moving average is $15.93. The firm has a market cap of $2.76 billion, a P/E ratio of 34.62 and a beta of 0.82. The company has a current ratio of 3.01, a quick ratio of 2.97 and a debt-to-equity ratio of 0.31.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Monday, May 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.14. The company had revenue of $229.02 million for the quarter, compared to analysts’ expectations of $209.71 million. Transportadora de Gas del Sur had a return on equity of 3.65% and a net margin of 8.10%. As a group, sell-side analysts expect that Transportadora de Gas del Sur S.A. will post 0.77 earnings per share for the current year.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd boosted its stake in Transportadora de Gas del Sur by 95.1% during the third quarter. Quadrature Capital Ltd now owns 101,510 shares of the energy company’s stock worth $1,032,000 after acquiring an additional 49,471 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Transportadora de Gas del Sur during the 4th quarter valued at approximately $73,000. Blue Trust Inc. purchased a new position in Transportadora de Gas del Sur during the fourth quarter valued at $41,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Transportadora de Gas del Sur by 62.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock valued at $5,378,000 after acquiring an additional 136,499 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth about $226,000. 3.29% of the stock is owned by hedge funds and other 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.