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

Transportadora De Gas Sa Ord B (NYSE:TGS) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 211,300 shares, a growth of 53.3% from the July 30th total of 137,827 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 250,950 shares, the days-to-cover ratio is presently 0.8 days.

Transportadora De Gas Sa Ord B Trading Up 1.4%

TGS traded up $0.40 during mid-day trading on Tuesday, reaching $29.30. The stock had a trading volume of 6,442 shares, compared to its average volume of 287,059. Transportadora De Gas Sa Ord B has a 52 week low of $19.74 and a 52 week high of $36.35. The stock has a market capitalization of $4.41 billion, a P/E ratio of 13.25, a P/E/G ratio of 0.58 and a beta of 0.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 5.08 and a current ratio of 5.11. The firm’s fifty day simple moving average is $29.49 and its two-hundred day simple moving average is $30.52.

Transportadora De Gas Sa Ord B (NYSE:TGS) last announced its quarterly earnings results 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 24.56% and a return on equity of 14.03%. The company had revenue of $360.86 million during the quarter, compared to the consensus estimate of $286.98 million. On average, equities analysts predict that Transportadora De Gas Sa Ord B will post 2.68 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on TGS. Bank of America reaffirmed a “buy” rating on shares of Transportadora De Gas Sa Ord B in a research note on Thursday, June 11th. Wall Street Zen lowered shares of Transportadora De Gas Sa Ord B from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Zacks Research lowered Transportadora De Gas Sa Ord B from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Transportadora De Gas Sa Ord B in a research report on Thursday, June 18th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $39.00.

Hedge Funds Weigh In On Transportadora De Gas Sa Ord B

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TGS. Fifth Third Bancorp lifted its position in Transportadora De Gas Sa Ord B by 116.0% during the first quarter. Fifth Third Bancorp now owns 1,657 shares of the energy company’s stock worth $57,000 after acquiring an additional 890 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Transportadora De Gas Sa Ord B by 536.6% in the fourth quarter. Van ECK Associates Corp now owns 4,348 shares of the energy company’s stock valued at $135,000 after buying an additional 3,665 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Transportadora De Gas Sa Ord B by 1,027.7% in the third quarter. BNP Paribas Financial Markets now owns 8,390 shares of the energy company’s stock valued at $176,000 after buying an additional 7,646 shares during the period. Uniplan Investment Counsel Inc. acquired a new stake in Transportadora De Gas Sa Ord B during the fourth quarter worth approximately $205,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Transportadora De Gas Sa Ord B in the first quarter worth $210,000. 3.29% of the stock is owned by institutional investors.

About Transportadora De Gas Sa Ord B

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.