Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS – Get Free Report) shot up 8% during trading on Thursday . The stock traded as high as $19.42 and last traded at $19.36. 146,805 shares changed hands during mid-day trading, a decline of 40% from the average session volume of 244,928 shares. The stock had previously closed at $17.93.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 16th.
Read Our Latest Analysis on TGS
Transportadora de Gas del Sur Price Performance
Transportadora de Gas del Sur (NYSE:TGS – Get Free Report) last issued its earnings results on Monday, May 6th. The energy company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. The firm had revenue of $229.02 million during the quarter, compared to the consensus estimate of $209.71 million. Transportadora de Gas del Sur had a net margin of 8.10% and a return on equity of 3.65%. As a group, sell-side analysts forecast that Transportadora de Gas del Sur S.A. will post 0.77 earnings per share for the current fiscal year.
Institutional Trading of Transportadora de Gas del Sur
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. Blue Trust Inc. acquired a new stake in shares of Transportadora de Gas del Sur in the 4th quarter valued at about $41,000. Tower Research Capital LLC TRC acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter valued at approximately $53,000. BNP Paribas Financial Markets purchased a new position in shares of Transportadora de Gas del Sur during the first quarter worth approximately $62,000. FNY Investment Advisers LLC acquired a new position in shares of Transportadora de Gas del Sur in the 4th quarter valued at $73,000. Finally, OLD National Bancorp IN purchased a new stake in Transportadora de Gas del Sur in the 4th quarter valued at $172,000. Institutional investors and hedge funds 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.
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