Transportadora de Gas del Sur (NYSE:TGS) Raised to “Strong-Buy” at StockNews.com

Transportadora de Gas del Sur (NYSE:TGS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

Separately, Citigroup started coverage on Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price objective on the stock.

Transportadora de Gas del Sur Price Performance

Shares of Transportadora de Gas del Sur stock traded down $0.74 during trading on Wednesday, reaching $27.23. 237,463 shares of the company’s stock were exchanged, compared to its average volume of 388,736. The company has a market cap of $4.10 billion, a P/E ratio of 25.21 and a beta of 0.78. Transportadora de Gas del Sur has a 1-year low of $11.81 and a 1-year high of $34.37. 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 firm’s 50-day moving average price is $29.04 and its 200 day moving average price is $24.59.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of institutional investors and hedge funds have recently made changes to their positions in TGS. Jane Street Group LLC bought a new position in shares of Transportadora de Gas del Sur during the third quarter valued at about $481,000. Blue Trust Inc. boosted its position in Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after acquiring an additional 1,036 shares in the last quarter. XTX Topco Ltd bought a new stake in Transportadora de Gas del Sur during the 3rd quarter valued at approximately $349,000. GAMMA Investing LLC lifted its holdings in shares of Transportadora de Gas del Sur by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock valued at $92,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter worth approximately $190,000. Hedge funds and other institutional investors 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.