Transportadora de Gas del Sur (NYSE:TGS) Trading Up 7.2% – Still a Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares shot up 7.2% on Monday . The stock traded as high as $26.98 and last traded at $27.24. 118,373 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 367,158 shares. The stock had previously closed at $25.41.

Analyst Ratings Changes

A number of research analysts have weighed in on TGS shares. Citigroup began coverage on Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They set a “buy” rating and a $35.00 price target on the stock. StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

Transportadora de Gas del Sur Price Performance

The company’s 50-day moving average is $28.66 and its 200-day moving average is $25.04. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 23.94 and a beta of 0.78. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.67 and a quick ratio of 2.64.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth $76,000. GAMMA Investing LLC increased its stake in 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 worth $92,000 after acquiring an additional 1,710 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 worth $154,000 after purchasing an additional 1,036 shares during the period. Insigneo Advisory Services LLC acquired a new position in shares of Transportadora de Gas del Sur in the 4th quarter valued at about $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 valued at $277,000 after purchasing an additional 8,858 shares in the last quarter. Institutional investors and hedge funds 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.