Transportadora de Gas del Sur (NYSE:TGS) Sets New 1-Year High – What’s Next?

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.37 and last traded at $33.24, with a volume of 349877 shares. The stock had previously closed at $32.59.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th.

Transportadora de Gas del Sur Trading Down 1.3 %

The firm has a market capitalization of $4.94 billion, a P/E ratio of 30.39 and a beta of 0.80. The business’s 50 day moving average is $28.23 and its two-hundred day moving average is $22.38. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Institutional Trading of Transportadora de Gas del Sur

A number of hedge funds and other institutional investors have recently made changes to their positions in TGS. TT International Asset Management LTD boosted its stake in Transportadora de Gas del Sur by 17.3% during the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after buying an additional 188,268 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its holdings in Transportadora de Gas del Sur by 60.0% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after acquiring an additional 69,556 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of Transportadora de Gas del Sur during the 2nd quarter valued at about $514,000. Jane Street Group LLC acquired a new position in shares of Transportadora de Gas del Sur in the 3rd quarter worth approximately $481,000. Finally, Mackenzie Financial Corp grew its stake 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 purchasing an additional 10,800 shares during 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.