Transportadora de Gas del Sur (NYSE:TGS) Trading Up 5.5% After Analyst Upgrade

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price traded up 5.5% on Monday after Citigroup raised their price target on the stock from $35.00 to $40.00. Citigroup currently has a buy rating on the stock. Transportadora de Gas del Sur traded as high as $32.20 and last traded at $32.41. 272,775 shares were traded during trading, a decline of 17% from the average session volume of 329,612 shares. The stock had previously closed at $30.71.

TGS has been the topic of several other reports. Santander upgraded Transportadora de Gas del Sur to an “outperform” rating in a research note on Wednesday, May 14th. StockNews.com downgraded shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 12th.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of institutional investors and hedge funds have recently modified their holdings of TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Transportadora de Gas del Sur by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company’s stock worth $42,574,000 after acquiring an additional 583,991 shares during the period. Balyasny Asset Management L.P. purchased a new position in Transportadora de Gas del Sur during the fourth quarter valued at approximately $9,812,000. Fourth Sail Capital LP acquired a new position in Transportadora de Gas del Sur in the 1st quarter valued at approximately $4,887,000. William Blair Investment Management LLC purchased a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at $5,246,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth $4,813,000. 3.29% of the stock is owned by institutional investors and hedge funds.

Transportadora de Gas del Sur Trading Up 3.9%

The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average of $26.47 and a 200-day moving average of $27.43. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 29.54 and a beta of 0.73.

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.