Transportadora de Gas del Sur (NYSE:TGS) Trading 5.5% Higher Following Analyst Upgrade

Transportadora de Gas del Sur S.A. (NYSE:TGS) shot up 5.5% during trading on Monday after Citigroup raised their price target on the stock from $35.00 to $40.00. Citigroup currently has a buy rating on the stock. Transportadora de Gas del Sur traded as high as $32.20 and last traded at $32.41. 272,775 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 329,612 shares. The stock had previously closed at $30.71.

Several other research analysts also recently issued reports on TGS. StockNews.com downgraded shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a report on Monday, May 12th. Santander raised Transportadora de Gas del Sur to an “outperform” rating in a research report on Wednesday, May 14th.

Institutional Trading of Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its position in Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after buying an additional 1,036 shares during the last quarter. Ping Capital Management Inc. raised its holdings in Transportadora de Gas del Sur by 4.9% during the 4th quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock worth $1,136,000 after purchasing an additional 1,800 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Transportadora de Gas del Sur during the 4th quarter valued at about $5,246,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Transportadora de Gas del Sur during the 4th quarter worth approximately $2,805,000. Finally, Jump Financial LLC raised its stake in shares of Transportadora de Gas del Sur by 53.1% during the fourth quarter. Jump Financial LLC now owns 42,271 shares of the energy company’s stock worth $1,237,000 after buying an additional 14,654 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

Transportadora de Gas del Sur Price Performance

The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 29.54 and a beta of 0.73. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The company’s fifty day moving average is $26.47 and its two-hundred day moving average is $27.43.

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.