Transportadora de Gas del Sur (NYSE:TGS) Shares Down 6.7%

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price was down 6.7% on Monday . The stock traded as low as $17.61 and last traded at $17.71. Approximately 95,419 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 243,389 shares. The stock had previously closed at $18.98.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Trading Down 7.2 %

The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.97 and a current ratio of 3.01. The company has a market capitalization of $2.65 billion, a PE ratio of 33.42 and a beta of 0.85. The stock has a fifty day moving average of $18.39 and a 200 day moving average of $15.89.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Monday, May 6th. The energy company reported $0.45 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 the consensus estimate of $209.71 million. As a group, sell-side analysts predict that Transportadora de Gas del Sur S.A. will post 0.77 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TT International Asset Management LTD grew its holdings in shares of Transportadora de Gas del Sur by 72.4% in the fourth quarter. TT International Asset Management LTD now owns 1,106,205 shares of the energy company’s stock valued at $16,692,000 after purchasing an additional 464,423 shares in the last quarter. Helikon Investments Ltd purchased a new position in shares of Transportadora de Gas del Sur in the 1st quarter worth $3,329,000. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 worth $5,378,000 after buying an additional 136,499 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of Transportadora de Gas del Sur by 95.1% during the 3rd quarter. Quadrature Capital Ltd now owns 101,510 shares of the energy company’s stock valued at $1,032,000 after buying an additional 49,471 shares in the last quarter. Finally, Glenorchy Capital Ltd bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter valued at about $717,000. 3.29% of the stock is 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.