Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS) shares gapped down before the market opened on Tuesday . The stock had previously closed at $27.27, but opened at $25.84. Transportadora de Gas del Sur shares last traded at $27.12, with a volume of 112,314 shares traded.

Wall Street Analyst Weigh In

TGS has been the subject of several research 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. Citigroup started coverage on Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price target for the company.

Transportadora de Gas del Sur Stock Performance

The firm has a fifty day moving average price of $29.04 and a 200 day moving average price of $24.59. 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 firm has a market cap of $4.26 billion, a PE ratio of 26.20 and a beta of 0.78.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several institutional investors and hedge funds have recently bought and sold shares of TGS. Blue Trust Inc. increased its holdings in shares of Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after buying an additional 1,036 shares during the last quarter. 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. Ping Capital Management Inc. raised its position in Transportadora de Gas del Sur by 4.9% in the fourth quarter. Ping Capital Management Inc. now owns 38,800 shares of the energy company’s stock valued at $1,136,000 after purchasing an additional 1,800 shares during the period. Point72 Asset Management L.P. purchased a new stake in Transportadora de Gas del Sur in the fourth quarter valued at $76,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Transportadora de Gas del Sur in the 4th quarter valued at $216,000. 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.