Transportadora de Gas del Sur (NYSE:TGS) Shares Down 5.9%

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) traded down 5.9% during mid-day trading on Tuesday . The company traded as low as $19.32 and last traded at $19.47. 107,811 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 217,351 shares. The stock had previously closed at $20.68.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th.

Transportadora de Gas del Sur Stock Down 4.1 %

The company has a market cap of $2.99 billion, a price-to-earnings ratio of 36.66 and a beta of 0.73. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $18.37 and a 200-day simple moving average of $17.30.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Monday, August 5th. The energy company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.54 by $0.10. The firm had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $379.90 million. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. As a group, analysts predict that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGS. Helikon Investments Ltd bought a new stake in shares of Transportadora de Gas del Sur in the 1st quarter worth $3,329,000. Truxt Investmentos Ltda. acquired a new position in Transportadora de Gas del Sur during the second quarter worth about $1,723,000. SPX Gestao de Recursos Ltda raised its position in Transportadora de Gas del Sur by 60.0% in the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after acquiring an additional 69,556 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at about $759,000. Finally, Quadrature Capital Ltd boosted its position in shares of Transportadora de Gas del Sur by 101.9% during the 1st quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after purchasing an additional 38,123 shares in the last quarter. 3.29% of the stock is owned by 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.