Transportadora de Gas del Sur (NYSE:TGS) Stock Price Up 4.3% – Time to Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price shot up 4.3% during mid-day trading on Tuesday . The company traded as high as $28.71 and last traded at $28.64. 167,621 shares changed hands during trading, a decline of 52% from the average session volume of 347,212 shares. The stock had previously closed at $27.46.

Analysts Set New Price Targets

A number of equities analysts have weighed in on TGS shares. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Citigroup initiated coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock.

Transportadora de Gas del Sur Stock Up 3.5 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock has a market cap of $4.28 billion, a PE ratio of 26.32 and a beta of 0.76. The company’s 50-day moving average price is $27.14 and its 200 day moving average price is $25.80.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter worth $481,000. Blue Trust Inc. grew its holdings in Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,036 shares during the period. William Blair Investment Management LLC purchased a new stake in Transportadora de Gas del Sur in the fourth quarter worth about $5,246,000. XTX Topco Ltd bought a new position in shares of Transportadora de Gas del Sur in the third quarter worth about $349,000. Finally, GAMMA Investing LLC lifted its position in shares of Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock valued at $92,000 after buying an additional 1,710 shares in 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.