Transportadora de Gas del Sur (NYSE:TGS) Shares Down 6.9% – Here’s What Happened

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) were down 6.9% on Tuesday . The stock traded as low as $25.39 and last traded at $25.36. Approximately 225,641 shares traded hands during trading, a decline of 11% from the average daily volume of 252,679 shares. The stock had previously closed at $27.24.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Citigroup assumed coverage on shares of Transportadora de Gas del Sur in a research report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com raised shares of Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

Transportadora de Gas del Sur Price Performance

The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 24.79 and a beta of 0.76. 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 company’s 50-day moving average price is $27.38 and its 200-day moving average price is $25.60.

Institutional Trading of Transportadora de Gas del Sur

Large investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Transportadora de Gas del Sur during the third quarter worth approximately $481,000. Blue Trust Inc. increased its stake in shares of Transportadora de Gas del Sur by 24.4% during the fourth quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after buying an additional 1,036 shares during the period. XTX Topco Ltd purchased a new stake in shares of Transportadora de Gas del Sur during the third quarter worth approximately $349,000. GAMMA Investing LLC increased its stake in shares of Transportadora de Gas del Sur by 118.8% during the fourth quarter. GAMMA Investing LLC now owns 3,150 shares of the energy company’s stock worth $92,000 after buying an additional 1,710 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Transportadora de Gas del Sur during the third quarter worth approximately $190,000. 3.29% of the stock is currently owned by hedge funds and other 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.