Transportadora de Gas del Sur (NYSE:TGS) Trading Down 5%

Transportadora de Gas del Sur S.A. (NYSE:TGS) was down 5% on Wednesday . The company traded as low as $18.34 and last traded at $18.42. Approximately 56,209 shares changed hands during trading, a decline of 77% from the average daily volume of 249,684 shares. The stock had previously closed at $19.39.

Analysts Set New Price Targets

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

Transportadora de Gas del Sur Stock Performance

The company has a market cap of $2.71 billion, a P/E ratio of 33.83 and a beta of 0.68. The company’s fifty day moving average is $16.93 and its 200 day moving average is $14.75. 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 quarterly earnings results on Monday, March 4th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 3.65% and a net margin of 8.10%. The company had revenue of $249.63 million for the quarter, compared to the consensus estimate of $227.09 million. As a group, equities analysts predict that Transportadora de Gas del Sur S.A. will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently modified their holdings of the company. TT International Asset Management LTD grew its stake in shares of Transportadora de Gas del Sur by 72.4% in the fourth quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company’s stock worth $16,692,000 after purchasing an additional 464,423 shares during the last quarter. Helikon Investments Ltd bought a new stake in shares of Transportadora de Gas del Sur in the 1st quarter worth approximately $3,329,000. Mirae Asset Global Investments Co. Ltd. increased its stake 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 buying an additional 136,499 shares during the period. Quadrature Capital Ltd raised its holdings in shares of 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 valued at $1,032,000 after acquiring an additional 49,471 shares in the last quarter. Finally, Glenorchy Capital Ltd purchased a new stake in Transportadora de Gas del Sur in the fourth quarter worth $717,000. 3.29% of the stock is 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.