Transportadora de Gas del Sur ADR (NYSE: TGS) stock jumped 4.50% on Friday to $10.46 against a previous-day closing price of $10.01. With 0.17 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.16 million shares. During the session, the Oil & Gas Integrated company that operates in wider Energy sector, reached to the highest price of $10.68 whereas the lowest price it dropped to was $10.08. The 52-week range on TGS shows that it touched its highest point at $14.19 and its lowest point at $8.11 during that stretch. It currently has a 1-year price target of $8.25. Beta for the stock currently stands at 0.52.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TGS was up-trending over the past week, with a rise of 2.25%, but this was down by -19.04% over a month. Three-month performance dropped to -15.30% while six-month performance fell -16.52%. The stock gained 21.77% in the past year, while it has lost -11.36% so far this year. A look at the trailing 12-month EPS for TGS yields 0.99 with Next year EPS estimates of 0.91. For the next quarter, that number is -0.10. This implies an EPS growth rate of -74.17% for this year and 193.55% for next year.
Float and Shares Shorts:
At present, 69.51 million TGS shares are outstanding with a float of 69.50 million shares on hand for trading. On Oct 30, 2023, short shares totaled 0.24 million, which was 0.10% higher than short shares on Sep 28, 2023. In addition to Mr. Oscar José Sardi as the firm’s Chief Executive Officer, Mr. Alejandro Mario Basso serves as its CFO & Senior VP of Administration, Finance and Services.
Institutional Ownership:
Through their ownership of 2.67% of TGS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 4.66% of TGS, in contrast to 0.98% held by mutual funds. As the largest shareholder in TGS with 2.10% of the stake, Oaktree Capital Management LP holds 1,631,238 shares worth 1,631,238. A second-largest stockholder of TGS, TT International Asset Management, holds 641,782 shares, controlling over 0.82% of the firm’s shares. VR Advisory Services is the third largest shareholder in TGS, holding 627,864 shares or 0.81% stake. With a 0.52% stake in TGS, the TT International Funds Plc – Emer is the largest stakeholder. A total of 407,537 shares are owned by the mutual fund manager. The Global X MSCI Argentina ETF, which owns about 0.25% of TGS stock, is the second-largest Mutual Fund holder. It holds 194,921 shares valued at 1.99 million. Azvalor Lux Sicav – Azvalor Inter holds 0.12% of the stake in TGS, owning 92,126 shares worth 0.94 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TGS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TGS analysts setting a high price target of $10.00 and a low target of $6.50, the average target price over the next 12 months is $8.25. Based on these targets, TGS could drop -4.4% to reach the target high and fall by -37.86% to reach the target low. Reaching the average price target will result in a decline of -21.13% from current levels.
