Transportadora de Gas del Sur (NYSE:TGS) Stock Price Up 8%

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) rose 8% during trading on Thursday . The stock traded as high as $19.42 and last traded at $19.36. Approximately 146,805 shares changed hands during trading, a decline of 40% from the average daily volume of 244,928 shares. The stock had previously closed at $17.93.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 16th.

Transportadora de Gas del Sur Price Performance

The company has a current ratio of 3.01, a quick ratio of 2.97 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $18.25 and a two-hundred day moving average of $15.82. The company has a market capitalization of $2.90 billion, a PE ratio of 36.19 and a beta of 0.85.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Monday, May 6th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.14. Transportadora de Gas del Sur had a net margin of 8.10% and a return on equity of 3.65%. The firm had revenue of $229.02 million for the quarter, compared to analysts’ expectations of $209.71 million. Research analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.77 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently modified their holdings of TGS. Jump Financial LLC lifted its stake in 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. Blue Trust Inc. purchased a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth about $41,000. Tower Research Capital LLC TRC bought a new stake in shares of Transportadora de Gas del Sur during the 4th quarter valued at about $53,000. BNP Paribas Financial Markets purchased a new position in shares of Transportadora de Gas del Sur during the first quarter valued at about $62,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at about $73,000. 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.