Transportadora De Gas Sa Ord B (NYSE:TGS) Short Interest Update

Transportadora De Gas Sa Ord B (NYSE:TGS) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 211,300 shares, an increase of 53.3% from the July 30th total of 137,827 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 250,950 shares, the days-to-cover ratio is presently 0.8 days.

Transportadora De Gas Sa Ord B Stock Performance

Shares of TGS traded up $0.41 during mid-day trading on Wednesday, hitting $29.31. The stock had a trading volume of 5,963 shares, compared to its average volume of 288,233. The firm has a market cap of $4.41 billion, a P/E ratio of 13.26, a PEG ratio of 0.59 and a beta of 0.63. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The company has a debt-to-equity ratio of 0.39, a current ratio of 5.11 and a quick ratio of 5.08. The business has a fifty day moving average price of $29.46 and a 200-day moving average price of $30.51.

Transportadora De Gas Sa Ord B (NYSE:TGS) last posted its earnings results on Monday, August 3rd. The energy company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a return on equity of 14.03% and a net margin of 24.56%.The business had revenue of $360.86 million during the quarter, compared to analysts’ expectations of $286.98 million. On average, equities research analysts expect that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on TGS. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 11th. Zacks Research cut shares of Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen cut shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Transportadora De Gas Sa Ord B currently has an average rating of “Hold” and an average price target of $39.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SPX Gestao de Recursos Ltda raised its stake in shares of Transportadora De Gas Sa Ord B by 108.7% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 1,206,803 shares of the energy company’s stock valued at $37,520,000 after acquiring an additional 628,438 shares during the last quarter. Helikon Investments Ltd lifted its position in Transportadora De Gas Sa Ord B by 13.3% in the 4th quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock valued at $102,077,000 after acquiring an additional 386,015 shares in the last quarter. CI Investments Inc. purchased a new stake in shares of Transportadora De Gas Sa Ord B during the fourth quarter valued at $5,083,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Transportadora De Gas Sa Ord B by 9.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,627,579 shares of the energy company’s stock valued at $42,154,000 after acquiring an additional 137,032 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Transportadora De Gas Sa Ord B by 2,997.4% in the 3rd quarter. UBS Group AG now owns 135,637 shares of the energy company’s stock worth $2,852,000 after purchasing an additional 131,258 shares during the period. Institutional investors own 3.29% of the company’s stock.

Transportadora De Gas Sa Ord B Company Profile

Transportadora de Gas del Sur SA (NYSE:TGS) is an Argentina‐based midstream energy company principally engaged in the transportation, storage and processing of natural gas. Established in 1992 following the privatization of the state‐owned gas utility, TGS operates one of the country’s largest pipeline networks, carrying gas from production basins in the Neuquén and Golfo San Jorge regions to major consumption markets in Buenos Aires and beyond. The company’s infrastructure supports both domestic supply and export volumes bound for neighboring countries.

In addition to its core pipeline business, TGS maintains a significant gas processing division that extracts natural gas liquids (NGL) and produces liquefied petroleum gas (LPG) and other by‐products.