Transportadora de Gas del Sur (TGS) Sets New 12-Month Low at $10.70

Shares of Transportadora de Gas del Sur SA ADR (NYSE:TGS) hit a new 52-week low during trading on Monday . The stock traded as low as $10.70 and last traded at $10.84, with a volume of 7818 shares traded. The stock had previously closed at $10.90.

Several brokerages have recently commented on TGS. ValuEngine downgraded shares of Transportadora de Gas del Sur from a “sell” rating to a “strong sell” rating in a research report on Thursday, April 4th. Zacks Investment Research downgraded shares of Transportadora de Gas del Sur from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. TheStreet raised shares of Transportadora de Gas del Sur from a “c+” rating to a “b-” rating in a research report on Wednesday, February 13th. Finally, Santander raised shares of Transportadora de Gas del Sur from a “hold” rating to a “buy” rating in a research report on Tuesday, February 26th.

The company has a debt-to-equity ratio of 0.65, a current ratio of 3.24 and a quick ratio of 3.19. The firm has a market capitalization of $1.75 billion, a PE ratio of 5.87 and a beta of 0.90.

Transportadora de Gas del Sur (NYSE:TGS) last issued its earnings results on Thursday, March 7th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $1.07. Transportadora de Gas del Sur had a return on equity of 76.25% and a net margin of 35.44%. The company had revenue of $243.95 million for the quarter. On average, equities analysts expect that Transportadora de Gas del Sur SA ADR will post 1.53 EPS for the current year.

The company also recently announced a dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 22nd were issued a $1.019 dividend. This is a boost from Transportadora de Gas del Sur’s previous dividend of $0.27. The ex-dividend date of this dividend was Thursday, April 18th. Transportadora de Gas del Sur’s dividend payout ratio (DPR) is currently 78.97%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Eaton Vance Management lifted its holdings in shares of Transportadora de Gas del Sur by 13.9% in the 4th quarter. Eaton Vance Management now owns 50,039 shares of the energy company’s stock worth $751,000 after purchasing an additional 6,100 shares in the last quarter. LSV Asset Management bought a new position in shares of Transportadora de Gas del Sur in the 4th quarter worth $119,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Transportadora de Gas del Sur by 3.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 207,411 shares of the energy company’s stock worth $3,111,000 after purchasing an additional 6,352 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Transportadora de Gas del Sur by 214.9% in the 4th quarter. Susquehanna Fundamental Investments LLC now owns 31,808 shares of the energy company’s stock worth $477,000 after purchasing an additional 21,708 shares in the last quarter. Finally, Newfoundland Capital Management lifted its holdings in shares of Transportadora de Gas del Sur by 11.7% in the 4th quarter. Newfoundland Capital Management now owns 556,789 shares of the energy company’s stock worth $8,352,000 after purchasing an additional 58,356 shares in the last quarter. Institutional investors own 8.44% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this piece on another website, it was copied illegally and reposted in violation of United States & international trademark & copyright law. The original version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/24/transportadora-de-gas-del-sur-tgs-sets-new-12-month-low-at-10-70.html.

Transportadora de Gas del Sur Company Profile (NYSE:TGS)

Transportadora de Gas del Sur SA provides natural gas transportation and distribution services in Argentina. The company operates through four segments: Natural Gas Transportation, Liquids Production and Commercialization, Other Services, and Telecommunications. The Natural Gas Transportation segment transports natural gas through 5,706 miles of pipeline system to distribution companies, power plants, and industrial customers.

Further Reading: The mechanics of the bid-ask spread in trading

Receive News & Ratings for Transportadora de Gas del Sur Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transportadora de Gas del Sur and related companies with MarketBeat.com's FREE daily email newsletter.