Transportadora de Gas del Sur (NYSE:TGS) Sets New 52-Week High – What’s Next?

Transportadora de Gas del Sur S.A. (NYSE:TGS) reached a new 52-week high on Wednesday . The company traded as high as $34.37 and last traded at $33.24, with a volume of 349877 shares. The stock had previously closed at $32.59.

Analyst Upgrades and Downgrades

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 Price Performance

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 business’s fifty day simple moving average is $28.02 and its 200 day simple moving average is $22.31. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 30.78 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in Transportadora de Gas del Sur by 118.8% during the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after purchasing an additional 1,710 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Transportadora de Gas del Sur in the third quarter worth $190,000. TT International Asset Management LTD raised its holdings in Transportadora de Gas del Sur by 17.3% in the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after acquiring an additional 188,268 shares in the last quarter. XTX Topco Ltd bought a new position in Transportadora de Gas del Sur during the 3rd quarter valued at $349,000. Finally, Jane Street Group LLC bought a new position in Transportadora de Gas del Sur during the 3rd quarter valued at $481,000. 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.