Rating for Transportadora de Gas del Sur (NYSE:TGS) downgraded to Buy at StockNews.com

Transportadora de Gas del Sur (NYSE:TGS – Get Free Report) was downgraded to a “buy” rating by stock analysts at StockNews.com in a research report published on Wednesday.

Transportadora de Gas del Sur Trading rises 5.2%

TGS opened at $17.82 on Wednesday. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 33.62 and a beta of 0.82. The company has a quick ratio of 2.97, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. Transportadora de Gas del Sur has a twelve-month low of $9.50 and a twelve-month high of $20.59. The company has a 50-day moving average of $17.93 and a 200-day moving average of $16.47.

Transportadora de Gas del Sur (NYSE:TGS – Get Free Report) last released its quarterly earnings results on Monday, May 6. The energy company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.14. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. The company had revenue of $229.02 million for the quarter, compared to analyst expectations of $209.71 million. Analysts expect Transportadora de Gas del Sur to report earnings per share of $0.86 for the current fiscal year.

Institutional trading with Transportadora de Gas del Sur

Hedge funds have recently added to or reduced their holdings in the company. Quadrature Capital Ltd increased its stake in shares of Transportadora de Gas del Sur by 101.9% in the 1st 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 same period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Transportadora de Gas del Sur by 62.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 356,427 shares of the energy company’s stock valued at $5,378,000 after buying an additional 136,499 shares in the last quarter. Helikon Investments Ltd bought a new stake in Transportadora de Gas del Sur in the 1st quarter valued at about $3,329,000. Jump Financial LLC increased its holdings in shares of Transportadora de Gas del Sur by 8.9% in the fourth quarter. Jump Financial LLC now owns 19,600 shares of the energy company’s stock worth $296,000 after acquiring an additional 1,600 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in Transportadora de Gas del Sur in the fourth quarter valued at about $226,000. 3.29% of the shares are owned by institutional investors.

Company profile of Transportadora de Gas del Sur

(Get free report)

Transportadora de Gas del Sur SA is active in the transportation of natural gas and the production and marketing of liquefied natural gas in Argentina and internationally. The company operates in four segments: natural gas transportation services, production and marketing of liquefied natural gas, midstream and telecommunications.