Transportadora de Gas del Sur (NYSE:TGS) Shares Up 4.3% – Still a Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) traded up 4.3% on Tuesday . The stock traded as high as $28.71 and last traded at $28.64. 167,621 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 347,212 shares. The stock had previously closed at $27.46.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TGS shares. StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 19th. Citigroup started 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 objective on the stock.

Transportadora de Gas del Sur Stock Down 0.7 %

The firm’s fifty day simple moving average is $27.07 and its 200 day simple moving average is $25.87. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 25.87 and a beta of 0.76.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Large investors have recently modified their holdings of the company. Centiva Capital LP purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter valued at $251,000. Jane Street Group LLC purchased a new position in shares of Transportadora de Gas del Sur during the third quarter worth about $481,000. XTX Topco Ltd acquired a new position in Transportadora de Gas del Sur in the 3rd quarter valued at about $349,000. TT International Asset Management LTD raised its stake in Transportadora de Gas del Sur by 17.3% during the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after acquiring an additional 188,268 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $190,000. 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.