The stock of Transportadora de Gas del Sur S.A. (NYSE:TGS) is now priced at $4.77 and the shares are 0.07 points up or 1.49% higher compared to its previous closing price of $4.7. The stock had 1.188 million contracts set over the past session. TGS shares’ daily volume is compared to its average trading volume at 0 billion shares. However, it has a float of 156 million and although its performance was 5.07% over the week, it’s one to watch. Analysts have given the TGS stock a yearly average price target of $7.56 per share. It means the stock’s upside potential is 58.49% with the TGS share price recently placing at $4.6236 to $4.88. However, some brokerage firms have priced the stock below the average, including one that has called $6.
The shorts are running away from the Transportadora de Gas del Sur S.A. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the TGS shares have declined. Short interest in the stock represents just 0.38% of its float, but the volume has dropped by 0.
In the last trading session, Transportadora de Gas del Sur S.A. (NYSE:TGS) raised by $0.23 over the week and lost -$1.79 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $9.19. The stock recorded its established 52-week high on 10/07/19.
Since 03/23/20, the stock has traded to a low of $3.72 at 28.23%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.73. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, Transportadora de Gas del Sur S.A.’s two-week RSI is 38.39. This suggests that the stock is neutral at the moment and that TGS shares’ price movement remains stable. The stochastic readings are equally revealing at 26.06% meaning the TGS share price is currently in overbought territory.
The technical chart shows that the TGS stock will likely settle at between $4.89 and $5.01 per share. However, if the stock dips below $4.64, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $4.5.
Currently, the stock is trading in the green of MACD, with a reading of 0.07. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Morgan Stanley raised their recommendation for TGS from Underweight to Equal-Weight in April 06 review. Morgan Stanley analysts downgraded their recommendation of the stock from Equal-Weight to Underweight in a flash note released to investors on August 13. Morgan Stanley seeing the stock struggling downgraded it from Overweight to Equal-Weight on March 13.
The average rating for the TGS equity is 3.5 and is currently gathering a bearish momentum. Of 4 analysts tracking Transportadora de Gas del Sur S.A. polled by Reuters, 1 rated TGS as a hold. The remaining 3 analysts were split evenly. However, the split wasn’t equal as a majority (1) rated it as a buy or strong buy. 2 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the TGS stock price is 13.25X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 6.3 below the group’s average of 40.1. Transportadora de Gas del Sur S.A. has its P/E ratio at 0.9, which means that the stock is currently trading at a discount relative to the 1.4 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for Transportadora de Gas del Sur S.A. (NYSE:TGS) will decrease by about -98.44%, which will see them reach $167 million. The company’s full-year revenues are, however, expected to diminish by about -31.58%, down from $1010 million to $691 million. TGS’s expected adjusted earnings should drop almost -70.18% to end up at $0.17 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -68.42% to record $0.54/share.