Transportadora de Gas del Sur (NYSE:TGS) Sets New 52-Week High – Should You Buy?

Transportadora de Gas del Sur S.A. (NYSE:TGS)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.91 and last traded at $29.83, with a volume of 665002 shares traded. The stock had previously closed at $29.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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 Price Performance

The firm has a market cap of $4.50 billion, a PE ratio of 27.56 and a beta of 0.70. The firm has a fifty day simple moving average of $22.07 and a two-hundred day simple 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.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Institutional investors and hedge funds have recently modified their holdings of the stock. Quadrature Capital Ltd boosted its holdings in shares of Transportadora de Gas del Sur by 101.9% in the 1st quarter. Quadrature Capital Ltd now owns 75,531 shares of the energy company’s stock worth $1,141,000 after purchasing an additional 38,123 shares during the period. SPX Gestao de Recursos Ltda lifted its stake in shares of Transportadora de Gas del Sur by 60.0% during the 2nd quarter. SPX Gestao de Recursos Ltda now owns 185,512 shares of the energy company’s stock worth $3,521,000 after acquiring an additional 69,556 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Transportadora de Gas del Sur by 30.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 38,200 shares of the energy company’s stock worth $577,000 after acquiring an additional 9,000 shares during the last quarter. Blue Trust Inc. bought a new stake in shares of Transportadora de Gas del Sur during the 2nd quarter worth approximately $41,000. Finally, GAMMA Investing LLC lifted its stake in shares of Transportadora de Gas del Sur by 101.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after acquiring an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 3.29% of the company’s stock.

About Transportadora de Gas del Sur

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.