Transportadora de Gas del Sur (NYSE:TGS) Trading Up 4.6% – Here’s Why

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) shot up 4.6% during mid-day trading on Wednesday . The stock traded as high as $20.28 and last traded at $20.19. 42,696 shares traded hands during trading, a decline of 80% from the average session volume of 210,670 shares. The stock had previously closed at $19.31.

Analyst Upgrades and Downgrades

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

Transportadora de Gas del Sur Stock Up 0.4 %

The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 25.39 and a beta of 0.73. The stock has a fifty day moving average of $19.41 and a 200-day moving average of $18.33.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.10. The business had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $379.90 million. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. As a group, sell-side analysts expect 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

A number of institutional investors have recently made changes to their positions in TGS. GAMMA Investing LLC boosted its holdings in Transportadora de Gas del Sur by 101.4% during the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after purchasing an additional 725 shares in the last quarter. Blue Trust Inc. acquired a new stake in Transportadora de Gas del Sur during the second quarter valued at approximately $41,000. BNP Paribas Financial Markets acquired a new position in shares of Transportadora de Gas del Sur in the 1st quarter worth approximately $62,000. Mackenzie Financial Corp boosted 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 acquiring an additional 10,800 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter worth approximately $514,000. 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.