Transportadora de Gas del Sur SA ADR (NYSE:TGS) Short Interest Update

Transportadora de Gas del Sur SA ADR (NYSE:TGS) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,192,600 shares, a growth of 28.3% from the July 31st total of 929,700 shares. Based on an average trading volume of 740,000 shares, the short-interest ratio is currently 1.6 days. Approximately 1.5% of the company’s stock are short sold.

Several hedge funds and other institutional investors have recently modified their holdings of the company. HM Payson & Co. acquired a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter worth about $36,000. Gulf International Bank UK Ltd acquired a new position in Transportadora de Gas del Sur during the second quarter worth approximately $43,000. Russell Investments Group Ltd. acquired a new position in Transportadora de Gas del Sur during the second quarter worth approximately $54,000. DekaBank Deutsche Girozentrale acquired a new position in Transportadora de Gas del Sur during the second quarter worth approximately $69,000. Finally, Fort Sheridan Advisors LLC increased its position in Transportadora de Gas del Sur by 56.0% during the first quarter. Fort Sheridan Advisors LLC now owns 17,505 shares of the energy company’s stock worth $230,000 after buying an additional 6,286 shares during the period. 10.44% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on TGS. ValuEngine lowered Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a research report on Monday, August 12th. TheStreet lowered Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Morgan Stanley lowered Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 13th. Finally, Zacks Investment Research lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Transportadora de Gas del Sur has a consensus rating of “Hold” and an average target price of $18.00.



Shares of NYSE TGS traded down $0.19 during midday trading on Thursday, hitting $7.96. 228,600 shares of the company’s stock were exchanged, compared to its average volume of 511,190. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.46 and a quick ratio of 2.38. Transportadora de Gas del Sur has a twelve month low of $6.05 and a twelve month high of $17.78. The company has a market cap of $1.28 billion, a PE ratio of 4.08 and a beta of 0.80. The firm’s fifty day simple moving average is $11.02 and its 200-day simple moving average is $12.72.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Friday, August 16th. The energy company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.01. Transportadora de Gas del Sur had a return on equity of 52.61% and a net margin of 39.65%. The business had revenue of $230.99 million for the quarter. Equities analysts anticipate that Transportadora de Gas del Sur will post 1.47 EPS for the current fiscal year.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

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