Traders Buy High Volume of Put Options on Transportadora De Gas Sa Ord B (NYSE:TGS)

Transportadora De Gas Sa Ord B (NYSE:TGS) was the target of unusually large options trading on Wednesday. Stock traders bought 3,900 put options on the stock. This is an increase of approximately 1,626% compared to the average daily volume of 226 put options.

Transportadora De Gas Sa Ord B Stock Up 0.4%

Transportadora De Gas Sa Ord B stock traded up $0.11 during midday trading on Wednesday, reaching $25.84. The stock had a trading volume of 47,228 shares, compared to its average volume of 280,614. The company has a fifty day moving average price of $28.97 and a two-hundred day moving average price of $30.37. Transportadora De Gas Sa Ord B has a 12 month low of $20.00 and a 12 month high of $36.35. The company has a current ratio of 5.11, a quick ratio of 5.08 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $3.89 billion, a P/E ratio of 9.90, a PEG ratio of 0.53 and a beta of 0.59.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings data on Monday, August 3rd. The energy company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.03). Transportadora De Gas Sa Ord B had a net margin of 27.38% and a return on equity of 16.29%. The firm had revenue of $360.86 million during the quarter, compared to analyst estimates of $286.98 million. As a group, equities analysts expect that Transportadora De Gas Sa Ord B will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

Hedge funds have recently bought and sold shares of the company. ABS Direct Equity Fund LLC raised its position in shares of Transportadora De Gas Sa Ord B by 69.0% in the second quarter. ABS Direct Equity Fund LLC now owns 124,861 shares of the energy company’s stock valued at $3,712,000 after purchasing an additional 50,980 shares during the period. Arlington Capital Management Inc. bought a new position in Transportadora De Gas Sa Ord B in the 2nd quarter worth approximately $3,962,000. Engineers Gate Manager LP grew its stake in Transportadora De Gas Sa Ord B by 49.6% in the 2nd quarter. Engineers Gate Manager LP now owns 26,930 shares of the energy company’s stock valued at $801,000 after buying an additional 8,930 shares in the last quarter. Absolute Gestao de Investimentos Ltda. purchased a new position in Transportadora De Gas Sa Ord B in the 2nd quarter valued at approximately $1,531,000. Finally, FNY Investment Advisers LLC bought a new stake in Transportadora De Gas Sa Ord B during the 2nd quarter valued at $926,000. 3.29% of the stock is owned by hedge funds and other institutional investors.

About Transportadora De Gas Sa Ord B

Transportadora de Gas del Sur SA (TGS) is an Argentine energy infrastructure company engaged primarily in the transportation of natural gas. It operates one of the country’s largest gas pipeline systems, moving natural gas from producing regions in southern and western Argentina to distribution companies, power generators, industrial customers and other users.

In addition to pipeline transportation, TGS processes natural gas and produces and markets natural gas liquids, including propane, butane and ethane.