Transportadora de Gas del Sur (NYSE:TGS) Cut to “Buy” at StockNews.com

Transportadora de Gas del Sur (NYSE:TGS) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

Transportadora de Gas del Sur Stock Up 3.4 %

Transportadora de Gas del Sur stock opened at $23.81 on Wednesday. The stock has a fifty day moving average price of $20.75 and a 200 day moving average price of $19.12. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. Transportadora de Gas del Sur has a 52 week low of $9.50 and a 52 week high of $24.76.

Transportadora de Gas del Sur (NYSE:TGS) last released its 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 net margin of 12.02% and a return on equity of 5.69%. As a group, analysts expect that Transportadora de Gas del Sur will post 0.56 earnings per share for the current year.

Institutional Trading of Transportadora de Gas del Sur

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in Transportadora de Gas del Sur by 97.2% in the third quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock valued at $80,000 after purchasing an additional 2,090 shares during the period. GAMMA Investing LLC grew its stake in shares of Transportadora de Gas del Sur by 101.4% in the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock valued at $26,000 after buying an additional 725 shares in the last quarter. SPX Gestao de Recursos Ltda raised its holdings in shares of Transportadora de Gas del Sur by 60.0% during the 2nd 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. Mackenzie Financial Corp lifted its position in Transportadora de Gas del Sur by 76.1% during the 2nd quarter. Mackenzie Financial Corp now owns 25,000 shares of the energy company’s stock worth $474,000 after acquiring an additional 10,800 shares in the last quarter. Finally, Turim 21 Investimentos Ltda. purchased a new position in Transportadora de Gas del Sur in the 2nd quarter worth approximately $514,000. Hedge funds and other institutional investors own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

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.