Oaktree Capital Management LP recently announced the acquisition of new stake in Transportadora de Gas del Sur S.A. (NYSE:TGS). The institutional investor has increased its shareholding in the Energy company by 1.01% to 1.99 million shares with purchase of 20000.0 shares. This fresh investment now brings its stake to 2.56% valued currently at $11.21 million. In addition, Global X Management Co. LLC raised its holdings by 32703.0 to 1.67 million shares. And Morgan Stanley & Co. Internationa.. has lifted its position by 49,469.53% or 0.2 million shares – to 0.2 million shares.
With over 1.19 million Transportadora de Gas del Sur S.A. (TGS) shares trading Tuesday and a closing price of $4.77 on the day, the dollar volume was approximately $5.68 million. The shares have shown a positive weekly performance of 5.07% and its price on 09/01/20 gained nearly 1.49%. Currently, there are 158.27M common shares owned by the public and among those 156.18M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for TGS have a consensus price objective of $8.69. The analysts have set the share’s price value over the next 12 months at a high of $13.96 and a low of $6.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Transportadora de Gas del Sur S.A. stock is 3.50 for the next 12 months. The average price target is 36.9% above its last price level and an upside to the estimated low will see the stock gain 20.5% over that period. But an upside of 65.83% will see the stock hit the forecast high price target while mean target price for the stock is $7.40.
The top 3 mutual fund holders in Transportadora de Gas del Sur S.A. are Global X SuperDividend ETF, iShares Core MSCI Emerging Market, and Carmignac Portfolio – Emerging Di. Global X SuperDividend ETF owns 1.46 million shares of the company’s stock, all valued at over $8.18 million. Carmignac Portfolio – Emerging Di now owns shares totaling to 0.41% of the shares outstanding.
Shares of Transportadora de Gas del Sur S.A. (NYSE: TGS) opened at $4.70, unchanged from a prior closing price of $4.70. However, the script later closed the day at $4.77, up 1.49%. The company’s stock has a 5-day price change of 5.07% and -17.04% over the past three months. TGS shares are trading -33.47% year to date (YTD), with the 12-month market performance down to -33.06% lower. It has a 12-month low price of $3.72 and touched a high of $8.85 over the same period. Currently, 1.19 million shares have been traded, compared to an average intraday trading volume of 198.35K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.08%, -13.67%, and -15.08% respectively.
Institutional ownership of Transportadora de Gas del Sur S.A. (NYSE: TGS) shares accounts for 13.10% of the company’s 158.27M shares outstanding. Mutual fund holders own 4.66%, while other institutional holders and individual stakeholders account for 6.32% and — respectively.
It has a market capitalization of $591.15M and a beta (3y monthly) value of 0.73. The stock’s trailing 12-month PE ratio is 5.22, while the earnings-per-share (ttm) stands at $0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.51% over the week and 5.66% over the month.
Analysts forecast that Transportadora de Gas del Sur S.A. (TGS) will achieve an EPS of $0.17 for the current quarter, $0 for the next quarter and $0.36 for 2021. The lowest estimate earnings-per-share for the quarter is $0.17 while analysts give the company a high EPS estimate of $0.17. Comparatively, EPS for the current quarter was $0.57 a year ago. Earnings per share for the fiscal year are expected to decrease by -25.90%, and -33.94% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate Transportadora de Gas del Sur S.A. (TGS) as a “Hold” at a consensus score of 3.50. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 4 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the TGS, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on April 06, 2020, with the firm’s price target at. Morgan Stanley coverage for the Transportadora de Gas del Sur S.A. (TGS) stock in a research note released on August 13, 2019 offered a Underweight rating with a price target of. Morgan Stanley was of a view on March 13, 2018 that the stock is Equal-Weight, while Morgan Stanley gave the stock Overweight rating on September 19, 2017, issuing a price target of. Raymond James on their part issued Outperform rating on April 05, 2016.