Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Up – Time to Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) gapped up prior to trading on Monday . The stock had previously closed at $25.39, but opened at $28.19. Transportadora de Gas del Sur shares last traded at $28.79, with a volume of 119,007 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the company. Citigroup assumed coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

Transportadora de Gas del Sur Stock Performance

The stock has a market cap of $4.15 billion, a PE ratio of 25.52 and a beta of 0.62. The stock has a fifty day moving average of $25.99 and a 200-day moving average of $26.34. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asset Management L.P. purchased a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth approximately $76,000. GAMMA Investing LLC grew its position in Transportadora de Gas del Sur by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock valued at $92,000 after buying an additional 1,710 shares during the last quarter. Blue Trust Inc. increased its stake in Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after buying an additional 1,036 shares during the period. Insigneo Advisory Services LLC purchased a new position in Transportadora de Gas del Sur during the 4th quarter worth $216,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Transportadora de Gas del Sur by 1,493.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,451 shares of the energy company’s stock worth $277,000 after acquiring an additional 8,858 shares during the period. 3.29% of the stock is currently 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.