Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $27.27, but opened at $25.84. Transportadora de Gas del Sur shares last traded at $27.12, with a volume of 112,314 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on TGS. Citigroup initiated coverage on shares of Transportadora de Gas del Sur in a research note on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price target on the stock. StockNews.com cut shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 6th.

Transportadora de Gas del Sur Stock Performance

The company has a quick ratio of 2.64, a current ratio of 2.67 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $29.10 and a two-hundred day moving average price of $24.49. The firm has a market cap of $4.22 billion, a PE ratio of 25.94 and a beta of 0.78.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. Point72 Asset Management L.P. purchased a new stake in shares of Transportadora de Gas del Sur during the fourth quarter worth $76,000. Blue Trust Inc. grew its stake in 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 valued at $80,000 after acquiring an additional 2,090 shares in the last quarter. GAMMA Investing LLC raised its holdings in Transportadora de Gas del Sur by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock valued at $92,000 after acquiring an additional 1,710 shares during the last quarter. Virtu Financial LLC purchased a new position in Transportadora de Gas del Sur in the 3rd quarter worth approximately $190,000. Finally, Insigneo Advisory Services LLC acquired a new position in shares of Transportadora de Gas del Sur during the 4th quarter worth approximately $216,000. Hedge funds and other 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.