Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Up to $14.98

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares gapped up before the market opened on Wednesday . The stock had previously closed at $14.98, but opened at $15.30. Transportadora de Gas del Sur shares last traded at $15.56, with a volume of 37,659 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TGS. TheStreet raised shares of Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd. StockNews.com lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th.

Transportadora de Gas del Sur Price Performance

The business’s fifty day moving average is $13.96 and its 200-day moving average is $13.13. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.56 and a quick ratio of 3.49. The firm has a market cap of $2.52 billion, a PE ratio of 59.71 and a beta of 0.71.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings data on Monday, March 4th. The energy company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.40). Transportadora de Gas del Sur had a return on equity of 1.88% and a net margin of 4.16%. The company had revenue of $249.63 million for the quarter, compared to analysts’ expectations of $227.09 million. On average, research analysts predict that Transportadora de Gas del Sur S.A. will post 0.07 earnings per share for the current fiscal year.

Institutional Trading of Transportadora de Gas del Sur

A number of large investors have recently added to or reduced their stakes in the stock. TT International Asset Management LTD increased its stake in shares of Transportadora de Gas del Sur by 72.4% in the fourth quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company’s stock worth $16,692,000 after purchasing an additional 464,423 shares in the last quarter. Morgan Stanley increased its stake in shares of Transportadora de Gas del Sur by 365.2% in the fourth quarter. Morgan Stanley now owns 451,700 shares of the energy company’s stock worth $5,330,000 after purchasing an additional 354,593 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Transportadora de Gas del Sur by 62.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock worth $5,378,000 after purchasing an additional 136,499 shares in the last quarter. Eaton Vance Management purchased a new position in shares of Transportadora de Gas del Sur in the first quarter worth about $2,394,000. Finally, Millennium Management LLC increased its stake in shares of Transportadora de Gas del Sur by 48.5% in the second quarter. Millennium Management LLC now owns 303,638 shares of the energy company’s stock worth $1,561,000 after purchasing an additional 99,142 shares in the last quarter. 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; Other Services; and Telecommunications.