Traders Purchase High Volume of Put Options on Transportadora de Gas del Sur (NYSE:TGS)

Transportadora de Gas del Sur S.A. (NYSE:TGS) was the target of some unusual options trading activity on Thursday. Investors bought 4,722 put options on the stock. This represents an increase of 1,187% compared to the average daily volume of 367 put options.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 6th.

Transportadora de Gas del Sur Stock Performance

Transportadora de Gas del Sur stock traded up $2.04 during mid-day trading on Thursday, hitting $31.31. The company had a trading volume of 219,817 shares, compared to its average volume of 222,340. The company has a market capitalization of $4.71 billion, a price-to-earnings ratio of 28.99 and a beta of 0.80. Transportadora de Gas del Sur has a 12-month low of $11.81 and a 12-month high of $31.61. The company’s fifty day moving average is $27.17 and its 200-day moving average is $21.88. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Institutional Trading of Transportadora de Gas del Sur

Hedge funds have recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda grew its holdings in Transportadora de Gas del Sur by 60.0% in the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after purchasing an additional 69,556 shares during the period. GAMMA Investing LLC grew its stake in Transportadora de Gas del Sur by 101.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after acquiring an additional 725 shares during the period. XTX Topco Ltd acquired a new position in Transportadora de Gas del Sur during the third quarter worth $349,000. Blue Trust Inc. lifted its holdings in Transportadora de Gas del Sur by 97.2% during the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock valued at $80,000 after purchasing an additional 2,090 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. acquired a new stake in shares of Transportadora de Gas del Sur in the second quarter valued at about $514,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

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.