Transportadora de Gas del Sur (NYSE:TGS) Now Covered by Citigroup

Equities researchers at Citigroup began coverage on shares of Transportadora de Gas del Sur (NYSE:TGS) in a report released on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $35.00 price target on the energy company’s stock. Citigroup’s price objective would suggest a potential upside of 35.19% from the stock’s previous close.

Separately, StockNews.com downgraded 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 Trading Down 2.0 %

TGS opened at $25.89 on Wednesday. Transportadora de Gas del Sur has a fifty-two week low of $11.81 and a fifty-two week high of $34.37. 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 market capitalization of $3.90 billion, a price-to-earnings ratio of 23.97 and a beta of 0.78. The company’s 50 day moving average price is $29.20 and its two-hundred day moving average price is $24.21.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of large investors have recently bought and sold shares of TGS. GAMMA Investing LLC boosted its position in shares of 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 worth $26,000 after purchasing an additional 725 shares in the last quarter. Blue Trust Inc. boosted its holdings in Transportadora de Gas del Sur by 97.2% in 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 in the last quarter. Centiva Capital LP acquired a new stake in Transportadora de Gas del Sur in the third quarter valued at approximately $251,000. Jane Street Group LLC bought a new stake in shares of Transportadora de Gas del Sur during the third quarter valued at approximately $481,000. Finally, XTX Topco Ltd acquired a new position in shares of Transportadora de Gas del Sur during the third quarter worth approximately $349,000. 3.29% of the stock is currently owned by institutional investors and hedge funds.

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.