The stock of Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) hit a new 52-week high and has $8.46 target or 8.00% above today’s $7.83 share price. The 6 months bullish chart indicates low risk for the $645.66 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $8.46 price target is reached, the company will be worth $51.65M 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. The stock increased 1.16% or $0.09 on November 25, hitting $7.83. About 92,800 shares traded hands. Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) has risen 14.50% since April 22, 2016 and is uptrending. It has outperformed by 9.09% the S&P500.
Analysts await Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) to report earnings on February, 22.
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. The company was initiated on Thursday, October 8 by Santander. The rating was upgraded by Raymond James to “Outperform” on Tuesday, April 5.
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: “15 Oil Gas & Consumable Fuels Stocks to Buy Now” on September 30, 2016. More interesting news about Transportadora de Gas del Sur SA (ADR) (NYSE:TGS) were released by: Investorplace.com and their article: “13 Oil and Gas Stocks to Buy Now” published on February 06, 2015 as well as Seekingalpha.com‘s news article titled: “The Complete List of Oil ADR Stocks” with publication date: January 04, 2010.
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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