Transportadora de Gas del Sur (NYSE:TGS) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Transportadora de Gas del Sur (NYSE:TGS) in a research report released on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $35.00 target price on the energy company’s stock.

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

Transportadora de Gas del Sur Stock Up 2.0 %

Shares of NYSE:TGS opened at $26.44 on Wednesday. The company’s fifty day moving average is $29.16 and its two-hundred day moving average is $24.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. Transportadora de Gas del Sur has a 1-year low of $11.81 and a 1-year high of $34.37. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.48 and a beta of 0.78.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter worth about $481,000. Blue Trust Inc. grew its position in Transportadora de Gas del Sur by 24.4% in the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock worth $154,000 after purchasing an additional 1,036 shares during the last quarter. GAMMA Investing LLC increased 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 purchasing an additional 725 shares during the period. XTX Topco Ltd bought a new stake in shares of Transportadora de Gas del Sur during the third quarter valued at approximately $349,000. Finally, Virtu Financial LLC acquired a new position 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 institutional investors.

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.