Transportadora de Gas del Sur (NYSE:TGS) Trading Up 3% – Should You Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares rose 3% on Friday . The company traded as high as $29.85 and last traded at $29.85. Approximately 120,364 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 222,048 shares. The stock had previously closed at $28.97.

Analysts Set New Price Targets

Separately, StockNews.com cut 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 company’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $21.55. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock has a market capitalization of $4.49 billion, a P/E ratio of 27.64 and a beta of 0.80.

Institutional Trading of Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ping Capital Management Inc. acquired a new position in Transportadora de Gas del Sur in the second quarter valued at about $759,000. Turim 21 Investimentos Ltda. acquired a new stake in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $514,000. Mackenzie Financial Corp raised its holdings in shares of Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock worth $474,000 after buying an additional 10,800 shares in the last quarter. SPX Gestao de Recursos Ltda lifted its position in shares of Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after buying an additional 69,556 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Transportadora de Gas del Sur by 101.4% in the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after buying an additional 725 shares in the last quarter. Institutional investors and hedge funds own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

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.