Traders Buy Large Volume of Put Options on Transportadora de Gas del Sur (NYSE:TGS)

Transportadora de Gas del Sur S.A. (NYSE:TGS) saw unusually large options trading activity on Thursday. Stock traders purchased 4,722 put options on the company. This is an increase of approximately 1,187% compared to the average volume of 367 put options.

Transportadora de Gas del Sur Price Performance

Shares of NYSE:TGS opened at $32.40 on Friday. Transportadora de Gas del Sur has a twelve month low of $11.81 and a twelve month high of $32.83. The stock’s 50 day moving average is $27.38 and its 200-day moving average is $21.96. 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 market capitalization of $4.88 billion, a price-to-earnings ratio of 30.00 and a beta of 0.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Transportadora de Gas del Sur by 101.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after acquiring an additional 725 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 in the last quarter. Virtu Financial LLC bought a new stake in Transportadora de Gas del Sur during the third quarter worth $190,000. Centiva Capital LP purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter valued at $251,000. Finally, XTX Topco Ltd bought a new position in Transportadora de Gas del Sur during the 3rd quarter valued at $349,000. 3.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.