Transportadora de Gas del Sur (NYSE:TGS) Downgraded to “Buy” Rating by StockNews.com

Transportadora de Gas del Sur (NYSE:TGS) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Transportadora de Gas del Sur Stock Up 1.8 %

NYSE TGS traded up $0.40 during trading hours on Wednesday, hitting $23.00. The company had a trading volume of 340,898 shares, compared to its average volume of 206,257. Transportadora de Gas del Sur has a 52 week low of $9.50 and a 52 week high of $24.76. The firm has a 50 day simple moving average of $20.65 and a 200 day simple moving average of $19.09. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.01.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.10. The firm had revenue of $298.68 million during the quarter, compared to the consensus estimate of $379.90 million. Transportadora de Gas del Sur had a return on equity of 5.69% and a net margin of 12.02%. As a group, sell-side analysts forecast that Transportadora de Gas del Sur will post 0.56 EPS for the current year.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of large investors have recently made changes to their positions in TGS. GAMMA Investing LLC increased its stake in shares of 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. bought a new stake in shares of Transportadora de Gas del Sur during the second quarter valued at approximately $41,000. BNP Paribas Financial Markets purchased a new stake in Transportadora de Gas del Sur in the first quarter worth approximately $62,000. Mackenzie Financial Corp boosted its holdings in Transportadora de Gas del Sur by 76.1% in the second quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock worth $474,000 after purchasing an additional 10,800 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new stake in Transportadora de Gas del Sur in the second quarter worth approximately $514,000. 3.29% of the stock is currently owned by institutional investors.

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.