The stock last traded at $21.50 which is marginally higher than the 50 day moving average which is $19.87 and significantly above the 200 day moving average of $17.00. The 50 day moving average moved up $1.63 whereas the 200 day moving average was up $4.50 or +26.49%. Trading was light with 20K shares changing hands in the last trading session. Overall, volume was down 71.31% under the stocks normal daily volume.
Investors are feeling more bullish on Transportadora de Gas del Sur S of late if you take a look at the change in short interest. The firm had a fall in short interest between September 15, 2017 and September 29, 2017 of -0.16%. Short interest fell 77 over that period. The short-interest ratio decreased to 0.0 and the percentage of shorted shares is 0.00% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (TGS). Pointstate Capital Lp grew its holdings by buying 703,819 shares an increase of 23.2% in the quarter. Pointstate Capital Lp controls 3,731,715 shares worth $61,984,000. The value of the position overall is up by 44.0%. As of the end of the quarter Ubs Group Ag had sold a total of 7,566 shares trimming its holdings by 94.6%. The value of the company’s investment in Transportadora de Gas del Sur S decreased from $114,000 to $7,000 decreasing 93.9% for the reporting period.
As of quarter end Charlemagne Capital Ltd had disposed of 44,857 shares trimming its stake by 7.5%. The value of the total investment in Transportadora de Gas del Sur S went from $5,383,000 to $7,898,000 a change of $2,515,000 quarter to quarter. Cutler Group LP divested its stake by selling 100 shares a decrease of 16.7% from 06/30/2017 to 09/30/2017. Cutler Group LP currently owns 500 shares with a value of $1,000. The total value of its holdings decreased 88.9%.
On September 19 analysts at Morgan Stanley released its first research report on the stock setting a rating of “Overweight”.
The most current P/E ratio is 30.94 and market capitalization is 3.42B. In the last earnings report the EPS was $0.69 and is projected to be $0.90 for the current year with 158,899,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.28 and the next full year EPS is anticipated to be $2.39.
Transportadora de Gas del Sur S.A., launched on December 1, 1992, is involved in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications. The Business’s pipeline system connects gas fields in southern and western Argentina with gas distributors and industries in those areas and in the greater Buenos Aires area. It also provides midstream services, which consist of gas treatment, removal of impurities from the natural gas stream, gas compression, wellhead gas gathering and pipeline construction, operation and maintenance services. The Company transports gas through approximately 5,675 miles of pipeline, of which it owns 4,745 miles. It operates the remaining 930 miles, which are owned by the Gas Trusts. The Company operates the General Cerri natural gas processing complex and the associated Galvan loading and storage facility in Bahia Blanca in the Buenos Aires Province where Liquids are separated from natural gas transported through its pipeline system and stored for delivery..