StockNews.com upgraded shares of Transportadora de Gas del Sur (NYSE:TGS – Get Rating) from a hold rating to a buy rating in a research note released on Thursday.

Transportadora de Gas del Sur Stock Performance

TGS opened at $7.84 on Thursday. The firm has a market cap of $1.18 billion, a PE ratio of 4.96 and a beta of 0.71. The company has a quick ratio of 3.07, a current ratio of 3.23 and a debt-to-equity ratio of 0.36. The business has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.21. Transportadora de Gas del Sur has a fifty-two week low of $4.05 and a fifty-two week high of $8.29.

Institutional Investors Weigh In On Transportadora de Gas del Sur

Several large investors have recently modified their holdings of TGS. Eaton Vance Management bought a new stake in shares of Transportadora de Gas del Sur during the 1st quarter worth $2,394,000. Millennium Management LLC boosted its stake in shares of Transportadora de Gas del Sur by 48.5% during the 2nd quarter. Millennium Management LLC now owns 303,638 shares of the energy company's stock worth $1,561,000 after acquiring an additional 99,142 shares in the last quarter. Light Sky Macro LP acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter worth $370,000. Mirabella Financial Services LLP acquired a new stake in shares of Transportadora de Gas del Sur in the fourth quarter worth $253,000. Finally, Banco BTG Pactual S.A. acquired a new stake in shares of Transportadora de Gas del Sur in the first quarter worth $356,000. 3.00% of the stock is owned by institutional investors.

Transportadora de Gas del Sur Company Profile

Transportadora de Gas del Sur SA engages in transportation of natural gas, production, and commercialization of natural gas liquids in Argentina. The company operates through four segments: Natural Gas Transportation Services; Liquids Production and Commercialization; Other Services; and Telecommunications.

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