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.
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.
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.
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.