Transportadora de Gas del Sur (NYSE:TGS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.06 and traded as high as $29.13. Transportadora de Gas del Sur shares last traded at $28.35, with a volume of 351,590 shares.

Wall Street Analysts Forecast Growth

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

Transportadora de Gas del Sur Stock Performance

The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 27.89 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64. The firm has a fifty day moving average of $29.44 and a 200 day moving average of $23.14.

Transportadora de Gas del Sur (NYSE:TGS) last posted its earnings results on Monday, November 4th. The energy company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. The company had revenue of $272.48 million for the quarter, compared to analyst estimates of $321.45 million. As a group, sell-side analysts forecast that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several hedge funds have recently added to or reduced their stakes in TGS. GAMMA Investing LLC raised its stake in Transportadora de Gas del Sur by 101.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after acquiring an additional 725 shares during the last quarter. Blue Trust Inc. raised its position in Transportadora de Gas del Sur by 97.2% during the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock worth $80,000 after acquiring an additional 2,090 shares during the last quarter. Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur during the third quarter worth $190,000. Centiva Capital LP purchased a new stake in shares of Transportadora de Gas del Sur during the third quarter worth about $251,000. Finally, XTX Topco Ltd acquired a new stake in shares of Transportadora de Gas del Sur during the third quarter worth $349,000. 3.29% of the stock is currently owned by hedge funds and other 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.