Transportadora de Gas del Sur (NYSE:TGS) Earns Buy Rating from Analysts at Citigroup

Research analysts at Citigroup initiated coverage on shares of Transportadora de Gas del Sur (NYSE:TGS) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $35.00 price target on the energy company’s stock. Citigroup’s price objective would indicate a potential upside of 26.13% from the company’s previous close.

Separately, StockNews.com lowered shares of 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 Stock Up 5.0 %

TGS stock opened at $27.75 on Wednesday. Transportadora de Gas del Sur has a 1-year low of $11.81 and a 1-year high of $34.37. The stock has a market cap of $4.18 billion, a P/E ratio of 25.69 and a beta of 0.78. The stock’s fifty day simple moving average is $29.16 and its two-hundred day simple moving average is $24.22. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24.

Hedge Funds Weigh In On Transportadora de Gas del Sur

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Transportadora de Gas del Sur in the third quarter worth about $481,000. Blue Trust Inc. lifted its stake in shares of Transportadora de Gas del Sur by 24.4% during the 4th quarter. Blue Trust Inc. now owns 5,276 shares of the energy company’s stock valued at $154,000 after buying an additional 1,036 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Transportadora de Gas del Sur by 101.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,440 shares of the energy company’s stock worth $26,000 after buying an additional 725 shares during the period. XTX Topco Ltd purchased a new position in Transportadora de Gas del Sur in the 3rd quarter valued at approximately $349,000. Finally, Virtu Financial LLC bought a new stake in Transportadora de Gas del Sur during the 3rd quarter valued at $190,000. 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.