Transportadora de Gas del Sur (NYSE:TGS) Trading Down 6.2% – Here’s Why

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price dropped 6.2% during trading on Friday . The company traded as low as $26.68 and last traded at $26.34. Approximately 104,498 shares were traded during trading, a decline of 70% from the average daily volume of 352,917 shares. The stock had previously closed at $28.09.

Analyst Ratings Changes

Separately, StockNews.com lowered 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 Trading Down 5.9 %

The business’s fifty day simple moving average is $29.40 and its 200 day simple moving average is $23.94. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.98 billion, a P/E ratio of 24.50 and a beta of 0.78.

Transportadora de Gas del Sur (NYSE:TGS) last issued its quarterly earnings data on Monday, November 4th. The energy company reported $0.37 EPS for the quarter, hitting analysts’ consensus estimates of $0.37. Transportadora de Gas del Sur had a net margin of 15.46% and a return on equity of 7.31%. The firm had revenue of $272.48 million for the quarter, compared to analyst estimates of $321.45 million. As a group, analysts expect that Transportadora de Gas del Sur S.A. will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. TT International Asset Management LTD raised its position in shares of 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. Jane Street Group LLC acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $481,000. XTX Topco Ltd acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $349,000. Centiva Capital LP acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $251,000. Finally, Virtu Financial LLC acquired a new stake in shares of Transportadora de Gas del Sur in the 3rd quarter valued at approximately $190,000. 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.