Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down to $5.65

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.65, but opened at $5.50. Transportadora de Gas del Sur shares last traded at $5.50, with a volume of 900 shares traded.

Separately, Zacks Investment Research raised shares of Transportadora de Gas del Sur from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a report on Wednesday, May 19th.

The stock has a market capitalization of $822.01 million, a price-to-earnings ratio of 26.90 and a beta of 0.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.93 and a current ratio of 2.99. The business’s 50 day simple moving average is $4.68.

Transportadora de Gas del Sur (NYSE:TGS) last released its earnings results on Friday, May 7th. The energy company reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The business had revenue of $188.50 million for the quarter. Transportadora de Gas del Sur had a return on equity of 7.88% and a net margin of 4.48%. On average, analysts predict that Transportadora de Gas del Sur S.A. will post -0.12 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. increased its stake in Transportadora de Gas del Sur by 11.5% in the first quarter. D. E. Shaw & Co. Inc. now owns 20,429 shares of the energy company’s stock valued at $99,000 after acquiring an additional 2,104 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in shares of Transportadora de Gas del Sur by 26.2% during the first quarter. Freestone Capital Holdings LLC now owns 19,643 shares of the energy company’s stock valued at $95,000 after buying an additional 4,084 shares during the last quarter. Evolution Wealth Advisors LLC bought a new position in shares of Transportadora de Gas del Sur during the first quarter valued at about $40,000. Renaissance Technologies LLC bought a new position in shares of Transportadora de Gas del Sur during the fourth quarter valued at about $55,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Transportadora de Gas del Sur during the first quarter valued at about $69,000. 4.27% of the stock is currently owned by institutional investors and hedge funds.

Transportadora de Gas del Sur Company Profile (NYSE:TGS)

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,769 miles of pipeline system to distribution companies, power plants, and industrial customers.

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