Transportadora De Gas Sa Ord B (NYSE:TGS) Short Interest Up 53.3% in August

Transportadora De Gas Sa Ord B (NYSE:TGS) was the target of a significant increase in short interest in 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 shares of the stock are sold short. Based on an average daily volume of 250,950 shares, the short-interest ratio is presently 0.8 days.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TGS shares. 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. Bank of America reiterated a “buy” rating on shares of Transportadora De Gas Sa Ord B in a report on Thursday, June 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 18th. Finally, Zacks Research cut Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.00.

Transportadora De Gas Sa Ord B Stock Performance

NYSE:TGS opened at $29.75 on Thursday. The company has a market cap of $4.48 billion, a P/E ratio of 11.40, a P/E/G ratio of 0.60 and a beta of 0.59. Transportadora De Gas Sa Ord B has a twelve month low of $19.74 and a twelve month high of $36.35. The company’s 50-day moving average price is $29.47 and its 200-day moving average price is $30.52. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.03). The business had revenue of $360.86 million for the quarter, compared to analysts’ expectations of $286.98 million. Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. On average, sell-side analysts forecast that Transportadora De Gas Sa Ord B will post 2.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds have recently modified their holdings of the company. Helikon Investments Ltd raised its stake in Transportadora De Gas Sa Ord B by 13.3% during the fourth quarter. Helikon Investments Ltd now owns 3,283,265 shares of the energy company’s stock worth $102,077,000 after purchasing an additional 386,015 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $926,000. Systrade AG acquired a new stake in shares of Transportadora De Gas Sa Ord B during the 2nd quarter worth approximately $743,000. Janney Montgomery Scott LLC purchased a new stake in shares of Transportadora De Gas Sa Ord B during the 1st quarter valued at approximately $210,000. Finally, Millennium Management LLC lifted its stake in shares of Transportadora De Gas Sa Ord B by 787.5% in the 1st quarter. Millennium Management LLC now owns 143,919 shares of the energy company’s stock valued at $3,808,000 after purchasing an additional 127,702 shares during the last quarter. Hedge funds and other 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.