Transportadora de Gas del Sur (NYSE:TGS) Upgraded by StockNews.com to Strong-Buy

StockNews.com upgraded shares of Transportadora de Gas del Sur (NYSE:TGS) from a buy rating to a strong-buy rating in a research report report published on Thursday.

Transportadora de Gas del Sur Stock Up 1.7 %

Shares of NYSE:TGS traded up $0.34 during midday trading on Thursday, hitting $19.90. 124,080 shares of the company’s stock were exchanged, compared to its average volume of 224,307. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.05 and a quick ratio of 1.04. The stock has a 50 day moving average price of $17.99 and a 200-day moving average price of $16.61. The company has a market cap of $3.00 billion, a PE ratio of 36.94 and a beta of 0.82. Transportadora de Gas del Sur has a 12 month low of $9.50 and a 12 month high of $20.59.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its holdings in Transportadora de Gas del Sur by 76.1% during the second 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. Turim 21 Investimentos Ltda. purchased a new position in Transportadora de Gas del Sur in the second quarter valued at about $514,000. Ping Capital Management Inc. purchased a new position in Transportadora de Gas del Sur in the second quarter valued at about $759,000. Blue Trust Inc. purchased a new position in Transportadora de Gas del Sur in the second quarter valued at about $41,000. Finally, Truxt Investmentos Ltda. purchased a new position in Transportadora de Gas del Sur in the second quarter valued at about $1,723,000. 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.