Transportadora De Gas Sa Ord B (NYSE:TGS) Trading Down 5.7% – Here’s Why

Transportadora De Gas Sa Ord B (NYSE:TGS)’s stock price was down 5.7% during trading on Friday . The company traded as low as $27.17 and last traded at $27.15. Approximately 44,075 shares traded hands during trading, a decline of 86% from the average daily volume of 324,788 shares. The stock had previously closed at $28.80.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TGS shares. Citigroup upped their price target on shares of Transportadora De Gas Sa Ord B from $35.00 to $40.00 and gave the company a “buy” rating in a report on Monday, May 19th. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “buy” rating in a report on Monday, May 12th. Finally, Santander upgraded shares of Transportadora De Gas Sa Ord B to an “outperform” rating in a report on Wednesday, May 14th.

Transportadora De Gas Sa Ord B Stock Down 4.9%

The stock’s fifty day moving average is $28.10 and its 200 day moving average is $27.79. The company has a current ratio of 2.97, a quick ratio of 2.94 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $4.13 billion, a P/E ratio of 10.92 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transportadora De Gas Sa Ord B by 67.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,454,524 shares of the energy company’s stock valued at $42,574,000 after purchasing an additional 583,991 shares during the period. Balyasny Asset Management L.P. purchased a new position in Transportadora De Gas Sa Ord B during the 4th quarter valued at $9,812,000. Fourth Sail Capital LP purchased a new position in Transportadora De Gas Sa Ord B during the 1st quarter valued at $4,887,000. William Blair Investment Management LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth about $5,246,000. Finally, Brevan Howard Capital Management LP purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 4th quarter worth about $4,813,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

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.