Transportadora de Gas del Sur (NYSE:TGS) Reaches New 1-Year High – Should You Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS) reached a new 52-week high during trading on Thursday . The company traded as high as $25.95 and last traded at $25.95, with a volume of 405 shares changing hands. The stock had previously closed at $25.85.

Analyst Upgrades and Downgrades

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

Transportadora de Gas del Sur Stock Performance

The firm has a 50-day simple moving average of $21.11 and a 200 day simple moving average of $19.35. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 23.94 and a beta of 0.70. The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several large investors have recently added to or reduced their stakes in the business. Truxt Investmentos Ltda. purchased a new position in Transportadora de Gas del Sur in the second quarter valued at about $1,723,000. SPX Gestao de Recursos Ltda grew its stake in Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after buying an additional 69,556 shares during the last quarter. Ping Capital Management Inc. bought a new stake in Transportadora de Gas del Sur in the 2nd quarter valued at about $759,000. Quadrature Capital Ltd raised its holdings in shares of Transportadora de Gas del Sur by 101.9% during the first quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after buying an additional 38,123 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. bought a new stake in Transportadora de Gas del Sur during the 2nd quarter valued at $514,000. 3.29% of the stock is currently owned by hedge funds and other institutional investors.

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.