The stock of Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) hit a new 52-week high and has $9.35 target or 30.00% above today’s $7.19 share price. The 5 months bullish chart indicates low risk for the $576.40 million company. The 1-year high was reported on Oct, 7 by Barchart.com. If the $9.35 price target is reached, the company will be worth $172.92 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 175,844 shares traded hands. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) has risen 15.93% since March 4, 2016 and is uptrending. It has outperformed by 7.90% the S&P500.
Analysts await Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) to report earnings on October, 25.
Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) Ratings Coverage
Out of 2 analysts covering Transportadora de Gas Del Sur S.A. (NYSE:TGS), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Transportadora de Gas Del Sur S.A. has been the topic of 2 analyst reports since October 8, 2015 according to StockzIntelligence Inc. As per Tuesday, April 5, the company rating was upgraded by Raymond James. Santander initiated Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) on Thursday, October 8 with “Hold” rating.
According to Zacks Investment Research, “Transportadora de Gas del Sur, S.A. transports natural gas in Argentina. The Company’s pipeline systems connect major gas fields in southern and western Argentina with distributors of gas in those areas and in the greater Buenos Aires area. Transportadora’s service area contains approximately 4.7 million end users, including approximately 2.7 milliom in the greater Buenos Aires area.”
More notable recent Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011, also Fool.com with their article: “Is It Time to Buy Argentine ADRs?” published on February 05, 2014, Investorplace.com published: “13 Oil and Gas Stocks to Buy Now” on February 06, 2015. More interesting news about Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) were released by: Seekingalpha.com and their article: “The Complete List of Oil ADR Stocks” published on January 04, 2010 as well as Marketwatch.com‘s news article titled: “/quotes/zigman/3870025/realtime” with publication date: November 20, 2013.
TGS Company Profile
Transportadora de Gas del Sur S.A. (TGS), incorporated on December 1, 1992, is engaged in the transportation of natural gas, and production and commercialization of natural gas liquids (Liquids). The Firm operates through four divisions: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications. The Company’s pipeline system connects natural gas fields in southern and western Argentina with natural gas distributors and industries in those areas and in the greater Buenos Aires area. TGS 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 Firm also provides telecommunications services through the subsidiary Telcosur S.A. (Telcosur). These services consist of data transmission services through a network of terrestrial and digital radio relay.
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