Transportadora de Gas del Sur (NYSE:TGS) Trading Down 6.2% – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price was down 6.2% on Friday . The stock traded as low as $26.68 and last traded at $26.34. Approximately 104,498 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 352,917 shares. The stock had previously closed at $28.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th.

Transportadora de Gas del Sur Price Performance

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 stock has a market capitalization of $3.98 billion, a P/E ratio of 24.50 and a beta of 0.78. The firm has a fifty day moving average price of $29.40 and a two-hundred day moving average price of $23.94.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings results on Monday, November 4th. The energy company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. The firm had revenue of $272.48 million during the quarter, compared to the consensus estimate of $321.45 million. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. As a group, analysts expect that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current fiscal year.

Institutional Trading of Transportadora de Gas del Sur

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in Transportadora de Gas del Sur by 101.4% during the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after buying an additional 725 shares in the last quarter. Blue Trust Inc. raised its position in Transportadora de Gas del Sur by 97.2% during the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock worth $80,000 after acquiring an additional 2,090 shares during the period. Virtu Financial LLC acquired a new position in Transportadora de Gas del Sur during the third quarter worth $190,000. Centiva Capital LP acquired a new stake in shares of Transportadora de Gas del Sur in the third quarter valued at about $251,000. Finally, XTX Topco Ltd acquired a new stake in shares of Transportadora de Gas del Sur in the third quarter valued at about $349,000. 3.29% of the stock is currently 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.