Transportadora de Gas del Sur Upgraded to Strong-Buy by StockNews.com

Transportadora de Gas del Sur (NYSE:TGS - Get Free Report) recently received an upgrade from analysts at StockNews.com. In a research note released on Wednesday, they raised the company’s rating from "buy" to "strong-buy." This change indicates a more positive outlook for the stock, encouraging investors to consider it more favorably.

In another noteworthy development, Citigroup also initiated coverage on Transportadora de Gas del Sur on February 12th. They assigned a "buy" rating along with a price target of $35.00 for the stock, suggesting potential growth and increased interest from analysts.

Recent Stock Performance of TGS

On the trading front, shares of TGS experienced a slight decline of $0.74, bringing the price down to $27.23 on Wednesday. During the trading session, 237,463 shares exchanged hands, which is below the average volume of 388,736 shares. Currently, the stock's 50-day moving average is $29.04, while the 200-day moving average stands at $24.59. Transportadora de Gas del Sur has a market capitalization of $4.10 billion and a price-to-earnings ratio of 25.21. The company’s performance over the past year has shown a low of $11.81 and a high of $34.37.

Institutional Investor Activity

There has been notable activity among institutional investors regarding Transportadora de Gas del Sur. For example, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. significantly increased its holdings by 67.1% during the fourth quarter. They now own 1,454,524 shares valued at approximately $42,574,000, after acquiring an additional 583,991 shares. Similarly, TT International Asset Management LTD raised its stake by 17.3% during the third quarter, totaling 1,279,321 shares worth around $23,462,000 after purchasing an additional 188,268 shares. Other institutions such as Balyasny Asset Management L.P., William Blair Investment Management LLC, and Brevan Howard Capital Management LP also made new acquisitions in the fourth quarter. Currently, 3.29% of the company’s stock is held by institutional investors.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and the production and commercialization of natural gas liquids, both within Argentina and internationally. The organization operates across four main segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Midstream operations, and Telecommunications.

Conclusion

The recent upgrades and positive coverage from analysts suggest a potentially promising future for Transportadora de Gas del Sur, making it a notable focus for investors looking for opportunities in the energy sector.

Transportadora, Gas, Stock