Transportadora de Gas del Sur (NYSE:TGS) Trading 4.5% Higher

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares traded up 4.5% during mid-day trading on Monday . The company traded as high as $11.82 and last traded at $11.81. 26,356 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 192,137 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Transportadora de Gas del Sur in a research report on Thursday, August 17th. They set a “buy” rating for the company.

Transportadora de Gas del Sur Stock Performance

The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 11.19 and a beta of 0.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.93 and a quick ratio of 3.87. The stock has a 50 day moving average price of $12.43 and a two-hundred day moving average price of $11.86.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings results on Monday, August 7th. The energy company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.34. The business had revenue of $245.89 million during the quarter, compared to analyst estimates of $231.85 million. Transportadora de Gas del Sur had a net margin of 15.60% and a return on equity of 8.32%. On average, analysts predict that Transportadora de Gas del Sur S.A. will post 0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Several institutional investors have recently modified their holdings of TGS. Vident Investment Advisory LLC grew its holdings in Transportadora de Gas del Sur by 16.3% during the 4th quarter. Vident Investment Advisory LLC now owns 18,550 shares of the energy company’s stock worth $219,000 after acquiring an additional 2,597 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Transportadora de Gas del Sur during the first quarter worth $27,000. Truist Financial Corp grew its stake in shares of Transportadora de Gas del Sur by 15.0% during the fourth quarter. Truist Financial Corp now owns 31,461 shares of the energy company’s stock worth $371,000 after purchasing an additional 4,111 shares during the period. Shilanski & Associates Inc. acquired a new position in shares of Transportadora de Gas del Sur during the 2nd quarter worth about $247,000. Finally, Spire Wealth Management acquired a new position in shares of Transportadora de Gas del Sur during the 1st quarter worth about $85,000. Institutional investors and hedge funds own 2.95% 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; Other Services; and Telecommunications.