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Transportadora De Gas Del Sur (NYSE:TGS) Stock Price Up 4.5%

Financial News Live ·  Aug 31, 2022 08:31

Transportadora de Gas del Sur S.A. (NYSE:TGS – Get Rating)'s share price rose 4.5% on Monday . The company traded as high as $7.47 and last traded at $7.47. Approximately 1,776 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 124,234 shares. The stock had previously closed at $7.15.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Transportadora de Gas del Sur from a "buy" rating to a "hold" rating in a report on Monday.

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Transportadora de Gas del Sur Trading Down 7.8 %

The company has a current ratio of 3.23, a quick ratio of 3.07 and a debt-to-equity ratio of 0.36. The business's fifty day simple moving average is $5.65 and its two-hundred day simple moving average is $6.06. The stock has a market capitalization of $1.03 billion, a P/E ratio of 4.33 and a beta of 0.75.

Institutional Trading of Transportadora de Gas del Sur

A number of hedge funds have recently bought and sold shares of the stock. Eaton Vance Management bought a new stake in Transportadora de Gas del Sur in the 1st quarter valued at $2,394,000. Millennium Management LLC lifted its holdings 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 during the period. Renaissance Technologies LLC lifted its holdings in shares of Transportadora de Gas del Sur by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 181,800 shares of the energy company's stock worth $934,000 after acquiring an additional 18,900 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Transportadora de Gas del Sur by 39.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 173,138 shares of the energy company's stock worth $769,000 after acquiring an additional 49,129 shares during the period. Finally, Light Sky Macro LP bought a new position in shares of Transportadora de Gas del Sur during the 4th quarter worth about $370,000. 3.00% of the stock is owned by institutional investors.

About Transportadora de Gas del Sur

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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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