Transportadora de Gas del Sur (NYSE:TGS) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Transportadora de Gas del Sur (NYSE:TGS – Get Rating) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Transportadora de Gas del Sur Stock Performance

Shares of NYSE TGS opened at $12.72 on Monday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 13.25 and a beta of 0.50. The stock’s fifty day simple moving average is $10.96 and its 200 day simple moving average is $10.59. The company has a quick ratio of 4.51, a current ratio of 4.58 and a debt-to-equity ratio of 0.32. Transportadora de Gas del Sur has a 52-week low of $4.58 and a 52-week high of $13.35.

Transportadora de Gas del Sur (NYSE:TGS – Get Rating) last released its quarterly earnings data on Thursday, March 9th. The energy company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.46. Transportadora de Gas del Sur had a return on equity of 8.24% and a net margin of 14.95%. The firm had revenue of $245.23 million during the quarter, compared to analysts’ expectations of $244.96 million. As a group, sell-side analysts forecast that Transportadora de Gas del Sur will post 0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. acquired a new position in Transportadora de Gas del Sur during the 1st quarter worth $2,773,000. Trium Capital LLP acquired a new position in shares of Transportadora de Gas del Sur during the 1st quarter worth about $938,000. Arrowstreet Capital Limited Partnership lifted its stake in Transportadora de Gas del Sur by 6.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 183,220 shares of the energy company’s stock valued at $1,876,000 after purchasing an additional 11,615 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Transportadora de Gas del Sur in the 1st quarter valued at about $160,000. Finally, Mirabella Financial Services LLP acquired a new stake in Transportadora de Gas del Sur during the first quarter worth approximately $153,000. 2.27% of the stock is currently owned by institutional investors.

About Transportadora de Gas del Sur

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Transportadora de Gas del Sur SA engages in the production and commercialization of natural gas liquids. It operates through the following segments: Natural Gas Transportation, Production and Commercialization of Liquids, Other Services, and Telecommunications. The Natural Gas Transportation segment includes transportation, exchange, and displacement of natural gas; and the operation service and maintenance of the assets affected to the natural gas transport service.