Transportadora de Gas del Sur (NYSE:TGS) Trading Down 6.9% – Time to Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price was down 6.9% on Tuesday . The company traded as low as $25.39 and last traded at $25.36. Approximately 225,641 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 252,679 shares. The stock had previously closed at $27.24.

Analyst Upgrades and Downgrades

TGS has been the subject of a number of analyst reports. StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th. Citigroup initiated coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They set a “buy” rating and a $35.00 price objective for the company.

Transportadora de Gas del Sur Price Performance

The firm has a market cap of $3.78 billion, a PE ratio of 23.26 and a beta of 0.76. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $27.66 and a two-hundred day moving average price of $25.55.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new stake in Transportadora de Gas del Sur during the 3rd quarter worth about $481,000. Blue Trust Inc. raised its stake in shares of Transportadora de Gas del Sur by 24.4% in the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after purchasing an additional 1,036 shares during the last quarter. XTX Topco Ltd purchased a new stake in Transportadora de Gas del Sur in the third quarter valued at approximately $349,000. GAMMA Investing LLC increased its holdings in Transportadora de Gas del Sur by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after buying an additional 1,710 shares during the period. Finally, Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur during the 3rd quarter worth approximately $190,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

Transportadora de Gas del Sur Company Profile

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.