Transportadora de Gas del Sur (NYSE:TGS) Hits New 12-Month High – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS) hit a new 52-week high on Friday . The company traded as high as $29.91 and last traded at $29.83, with a volume of 665002 shares changing hands. The stock had previously closed at $29.56.

Wall Street Analysts Forecast Growth

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.

Transportadora de Gas del Sur Trading Up 1.1 %

The company has a 50 day moving average of $22.07 and a two-hundred day moving average of $19.77. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.64 and a current ratio of 2.67. The stock has a market capitalization of $4.50 billion, a PE ratio of 27.56 and a beta of 0.70.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Several hedge funds and other institutional investors have recently made changes to their positions in TGS. GAMMA Investing LLC lifted its position in Transportadora de Gas del Sur by 101.4% during the third quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after buying an additional 725 shares in the last quarter. Blue Trust Inc. acquired a new stake in Transportadora de Gas del Sur during the second quarter worth $41,000. BNP Paribas Financial Markets acquired a new stake in Transportadora de Gas del Sur during the first quarter worth $62,000. Virtu Financial LLC acquired a new stake in Transportadora de Gas del Sur during the third quarter worth $190,000. Finally, Centiva Capital LP acquired a new stake in Transportadora de Gas del Sur during the third quarter worth $251,000. Hedge funds and other 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.