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

Shares of Transportadora de Gas del Sur S.A. (NYSE:TGS) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.99 and last traded at $21.82, with a volume of 86896 shares trading hands. The stock had previously closed at $20.88.

Analyst Ratings Changes

Separately, StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th.

Transportadora de Gas del Sur Price Performance

The firm has a market capitalization of $3.18 billion, a P/E ratio of 25.46 and a beta of 0.73. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average is $19.93 and its 200 day moving average is $18.67.

Transportadora de Gas del Sur (NYSE:TGS) last posted its quarterly earnings data on Monday, August 5th. The energy company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.10. Transportadora de Gas del Sur had a net margin of 12.02% and a return on equity of 5.69%. The firm had revenue of $298.68 million for the quarter, compared to analysts’ expectations of $379.90 million. As a group, analysts forecast that Transportadora de Gas del Sur S.A. will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Helikon Investments Ltd acquired a new stake in Transportadora de Gas del Sur in the 1st quarter worth $3,329,000. Truxt Investmentos Ltda. acquired a new position in Transportadora de Gas del Sur during the 2nd quarter worth about $1,723,000. SPX Gestao de Recursos Ltda raised 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 worth $3,521,000 after acquiring an additional 69,556 shares during the last quarter. Ping Capital Management Inc. acquired a new position in Transportadora de Gas del Sur during the 2nd quarter worth $759,000. Finally, Quadrature Capital Ltd lifted its position in Transportadora de Gas del Sur by 101.9% during the 1st quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock valued at $1,141,000 after purchasing an additional 38,123 shares during the period. 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.