Transportadora de Gas del Sur (NYSE:TGS) Trading 7.3% Higher – Time to Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price rose 7.3% during mid-day trading on Wednesday . The stock traded as high as $25.63 and last traded at $26.03. Approximately 81,879 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 253,189 shares. The stock had previously closed at $24.27.

Wall Street Analyst Weigh In

TGS has been the topic of a number of analyst reports. Citigroup initiated coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

Transportadora de Gas del Sur Trading Up 10.0 %

The stock has a 50 day simple moving average of $28.07 and a 200-day simple moving average of $25.32. The firm has a market cap of $4.02 billion, a P/E ratio of 24.73 and a beta of 0.76. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TGS. Point72 Asset Management L.P. bought a new stake in Transportadora de Gas del Sur during the 4th quarter valued at $76,000. GAMMA Investing LLC raised its stake in shares of Transportadora de Gas del Sur by 118.8% in the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,710 shares during the last quarter. Blue Trust Inc. lifted its stake in Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after acquiring an additional 1,036 shares during the period. Virtu Financial LLC acquired a new stake in Transportadora de Gas del Sur during the 3rd quarter worth about $190,000. Finally, Insigneo Advisory Services LLC purchased a new position in Transportadora de Gas del Sur during the fourth quarter valued at approximately $216,000. 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.