Transportadora de Gas del Sur SA ADR (NYSE:TGS) Short Interest Update

Transportadora de Gas del Sur SA ADR (NYSE:TGS) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,020,000 shares, a drop of 24.4% from the September 30th total of 1,350,000 shares. Based on an average trading volume of 564,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.3% of the company’s shares are sold short.

Several institutional investors and hedge funds have recently made changes to their positions in TGS. HM Payson & Co. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $36,000. Gulf International Bank UK Ltd acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $43,000. Russell Investments Group Ltd. acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $54,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $69,000. Finally, Aperio Group LLC acquired a new position in shares of Transportadora de Gas del Sur in the 2nd quarter valued at $98,000. Institutional investors own 10.59% of the company’s stock.

A number of brokerages recently issued reports on TGS. TheStreet lowered shares of Transportadora de Gas del Sur from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Zacks Investment Research lowered shares of Transportadora de Gas del Sur from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine lowered shares of Transportadora de Gas del Sur from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Finally, Morgan Stanley lowered shares of Transportadora de Gas del Sur from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $9.25.

Shares of TGS traded down $0.32 during mid-day trading on Thursday, reaching $5.92. The company had a trading volume of 30,022 shares, compared to its average volume of 417,944. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 3.14 and a beta of 0.86. The firm has a fifty day simple moving average of $7.94 and a 200-day simple moving average of $11.13. Transportadora de Gas del Sur has a fifty-two week low of $6.05 and a fifty-two week high of $17.00. The company has a current ratio of 2.72, a quick ratio of 2.62 and a debt-to-equity ratio of 0.77.

Transportadora de Gas del Sur (NYSE:TGS) last announced its quarterly earnings results on Friday, August 16th. The energy company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The company had revenue of $230.99 million for the quarter. Transportadora de Gas del Sur had a net margin of 39.59% and a return on equity of 40.37%. As a group, equities analysts predict that Transportadora de Gas del Sur will post 0.77 EPS for the current fiscal year.

Transportadora de Gas del Sur Company Profile

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.

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