Transportadora de Gas del Sur (NYSE:TGS) Shares Gap Down – Time to Sell?

Transportadora de Gas del Sur S.A. (NYSE:TGS) gapped down before the market opened on Tuesday . The stock had previously closed at $27.27, but opened at $25.84. Transportadora de Gas del Sur shares last traded at $27.12, with a volume of 112,314 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Citigroup assumed coverage on Transportadora de Gas del Sur in a report on Wednesday, February 12th. They issued a “buy” rating and a $35.00 price objective for the company. StockNews.com raised Transportadora de Gas del Sur from a “buy” rating to a “strong-buy” rating in a report on Wednesday.

Transportadora de Gas del Sur Trading Up 3.8 %

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 is $29.04 and its 200 day moving average is $24.59. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 26.20 and a beta of 0.78.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of institutional investors have recently modified their holdings of TGS. Blue Trust Inc. raised its holdings in Transportadora de Gas del Sur by 97.2% in the 3rd quarter. Blue Trust Inc. now owns 4,240 shares of the energy company’s stock worth $80,000 after purchasing an additional 2,090 shares during the period. Centiva Capital LP purchased a new stake in shares of Transportadora de Gas del Sur in the third quarter valued at approximately $251,000. Jane Street Group LLC acquired a new position in shares of Transportadora de Gas del Sur during the 3rd quarter worth approximately $481,000. XTX Topco Ltd purchased a new position in shares of Transportadora de Gas del Sur during the 3rd quarter valued at approximately $349,000. Finally, TT International Asset Management LTD grew its stake in Transportadora de Gas del Sur by 17.3% in the 3rd quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock valued at $23,462,000 after acquiring an additional 188,268 shares during the period. 3.29% of the stock is currently owned by institutional investors and hedge funds.

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.