Transportadora de Gas del Sur (NYSE:TGS) Shares Cross Above 200-Day Moving Average – Time to Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.06 and traded as high as $29.13. Transportadora de Gas del Sur shares last traded at $28.35, with a volume of 351,590 shares trading hands.

Wall Street Analysts Forecast Growth

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

Transportadora de Gas del Sur Trading Up 2.5 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock has a 50-day moving average price of $29.44 and a two-hundred day moving average price of $23.14. The stock has a market capitalization of $4.54 billion, a P/E ratio of 27.89 and a beta of 0.80.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings data on Monday, November 4th. The energy company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The company had revenue of $272.48 million for the quarter, compared to the consensus estimate of $321.45 million. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. On average, research analysts forecast that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Transportadora de Gas del Sur during the 3rd quarter valued at $481,000. SPX Gestao de Recursos Ltda grew its stake in shares of 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 purchasing an additional 69,556 shares during the period. GAMMA Investing LLC raised its position in shares of Transportadora de Gas del Sur by 101.4% in the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after acquiring an additional 725 shares during the period. XTX Topco Ltd acquired a new stake in Transportadora de Gas del Sur in the 3rd quarter valued at $349,000. Finally, Blue Trust Inc. raised its position in shares of Transportadora de Gas del Sur by 97.2% during the 3rd quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock worth $80,000 after purchasing an additional 2,090 shares during the last quarter. Institutional investors own 3.29% of the company’s stock.

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.