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

Citigroup began coverage on shares of Transportadora de Gas del Sur (NYSE:TGS) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $35.00 price target on the energy company’s stock. Citigroup’s price target indicates a potential upside of 35.19% from the company’s previous close.

Separately, StockNews.com cut 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 Price Performance

Shares of NYSE:TGS opened at $25.89 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 2.64 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.90 billion, a PE ratio of 23.97 and a beta of 0.78. The stock’s fifty day simple moving average is $29.20 and its two-hundred day simple moving average is $24.21. Transportadora de Gas del Sur has a 1-year low of $11.81 and a 1-year high of $34.37.

Institutional Investors Weigh In On Transportadora de Gas del Sur

A number of hedge funds have recently made changes to their positions in TGS. TT International Asset Management LTD raised its position in Transportadora de Gas del Sur by 17.3% in the third quarter. TT International Asset Management LTD now owns 1,279,321 shares of the energy company’s stock worth $23,462,000 after acquiring an additional 188,268 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Transportadora de Gas del Sur in the 4th quarter worth approximately $5,246,000. Jane Street Group LLC purchased a new position in Transportadora de Gas del Sur in the third quarter valued at approximately $481,000. XTX Topco Ltd purchased a new stake in Transportadora de Gas del Sur in the third quarter worth $349,000. Finally, Centiva Capital LP purchased a new stake in Transportadora de Gas del Sur in the third quarter worth $251,000. 3.29% of the stock is currently owned by institutional investors.

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; Midstream; and Telecommunications.