Transportadora de Gas del Sur (NYSE:TGS) Shares Up 7.3% – Time to Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) shot up 7.3% during mid-day trading on Wednesday . The stock traded as high as $25.63 and last traded at $26.03. 81,879 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 253,189 shares. The stock had previously closed at $24.27.

Analysts Set New Price Targets

TGS has been the topic of several recent analyst reports. StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 19th. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They set a “buy” rating and a $35.00 target price on the stock.

Transportadora de Gas del Sur Stock Performance

The firm’s 50 day simple moving average is $27.88 and its 200-day simple moving average is $25.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 25.27 and a beta of 0.76.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently modified their holdings of TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Transportadora de Gas del Sur by 67.1% in the fourth 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 last quarter. Balyasny Asset Management L.P. bought a new stake in Transportadora de Gas del Sur in the fourth quarter worth $9,812,000. TT International Asset Management LTD boosted its holdings in Transportadora de Gas del Sur by 17.3% in the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after purchasing an additional 188,268 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Transportadora de Gas del Sur in the fourth quarter worth $5,246,000. Finally, Brevan Howard Capital Management LP bought a new stake in Transportadora de Gas del Sur during the fourth quarter valued at about $4,813,000. 3.29% of the stock is owned by institutional investors and hedge funds.

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.