Transportadora de Gas del Sur (NYSE:TGS) Stock Price Up 7.8% – Here’s What Happened

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price was up 7.8% during mid-day trading on Monday . The stock traded as high as $29.55 and last traded at $29.55. Approximately 88,662 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 209,673 shares. The stock had previously closed at $27.42.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 Up 1.9 %

The firm’s fifty day moving average price is $21.73 and its two-hundred day moving average price is $19.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Several institutional investors and hedge funds have recently added to or reduced their stakes in TGS. GAMMA Investing LLC lifted 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 valued at $26,000 after purchasing an additional 725 shares in the last quarter. Blue Trust Inc. acquired a new stake in Transportadora de Gas del Sur in the 2nd quarter worth about $41,000. BNP Paribas Financial Markets purchased a new stake in Transportadora de Gas del Sur during the 1st quarter worth approximately $62,000. Virtu Financial LLC acquired a new position in shares of Transportadora de Gas del Sur during the third quarter valued at approximately $190,000. Finally, Centiva Capital LP purchased a new position in shares of Transportadora de Gas del Sur in the third quarter valued at approximately $251,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

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.