OLD National Bancorp IN Makes New $172,000 Investment in Transportadora de Gas del Sur S.A. (NYSE:TGS)

OLD National Bancorp IN acquired a new position in Transportadora de Gas del Sur S.A. (NYSE:TGS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,423 shares of the energy company’s stock, valued at approximately $172,000.

A number of other institutional investors have also added to or reduced their stakes in TGS. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Transportadora de Gas del Sur in the 3rd quarter worth about $25,000. Blue Trust Inc. bought a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $41,000. FNY Investment Advisers LLC bought a new position in shares of Transportadora de Gas del Sur during the 4th quarter valued at approximately $73,000. Cable Hill Partners LLC bought a new position in shares of Transportadora de Gas del Sur during the 3rd quarter valued at approximately $102,000. Finally, Jump Financial LLC bought a new position in shares of Transportadora de Gas del Sur during the 3rd quarter valued at approximately $183,000. 3.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TGS shares. StockNews.com downgraded shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 28th. TheStreet raised shares of Transportadora de Gas del Sur from a “c” rating to a “b-” rating in a research report on Tuesday, January 2nd.

Transportadora de Gas del Sur Stock Performance

Shares of TGS stock opened at $16.81 on Friday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 60.04 and a beta of 0.71. The company has a current ratio of 3.56, a quick ratio of 3.49 and a debt-to-equity ratio of 0.48. The firm’s 50 day moving average is $14.69 and its 200 day moving average is $13.76. Transportadora de Gas del Sur S.A. has a 12 month low of $9.50 and a 12 month high of $19.95.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings results on Monday, March 4th. The energy company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.40). The business had revenue of $249.63 million for the quarter, compared to analysts’ expectations of $227.09 million. Transportadora de Gas del Sur had a net margin of 4.16% and a return on equity of 1.88%. On average, sell-side analysts anticipate that Transportadora de Gas del Sur S.A. will post 0.07 earnings per share for the current year.

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; Other Services; and Telecommunications.