Transportadora de Gas del Sur (NYSE:TGS) Reaches New 12-Month High – Should You Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $29.91 and last traded at $29.83, with a volume of 665002 shares trading hands. The stock had previously closed at $29.56.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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 Stock Up 0.7 %

The firm has a 50 day moving average of $22.24 and a two-hundred day moving average of $19.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Hedge funds and other institutional investors have recently modified their holdings of the stock. TT International Asset Management LTD boosted its holdings in Transportadora de Gas del Sur by 17.3% in the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after purchasing an additional 188,268 shares during the period. SPX Gestao de Recursos Ltda lifted its stake in shares of Transportadora de Gas del Sur by 60.0% in the second quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock valued at $3,521,000 after buying an additional 69,556 shares during the period. Truxt Investmentos Ltda. acquired a new stake in Transportadora de Gas del Sur during the second quarter worth about $1,723,000. Quadrature Capital Ltd increased its stake in Transportadora de Gas del Sur by 101.9% during the first quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after acquiring an additional 38,123 shares during the period. Finally, Ping Capital Management Inc. bought a new position in Transportadora de Gas del Sur during the second quarter valued at about $759,000. 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.