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Transportadora de Gas del Sur ADR Insider Trading: What Did We Learn?

Transportadora de Gas del Sur ADR (NYSE:TGS) price is hovering higher on Monday, November 20, jumping 21.99% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $10.46, with intraday deals fluctuating between $10.08 and $10.6836. The company’s 5Y monthly beta was ticking 0.64 while its P/E ratio in the trailing 12-month period read 12.85. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.19 and 52-week low of $8.11. The stock added 0.63% on its value in the past month.

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Transportadora de Gas del Sur ADR, which has a market valuation of $886.95 million. Analysts tracking TGS have forecast the quarterly EPS to grow by 0.1 per share this quarter, while the same analysts predict the annual EPS to hit $0.65 for the year 2023 and up to $1.36 for 2024. In this case, analysts estimate an annual EPS growth of -60.40% for the year and 109.20% for the next year.

Staying with the analyst view, there is a consensus estimate of $909.44 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow -27.60% below that which the company brought in 2023.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give TGS a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned TGS a recommendation rating as follows: 1 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Transportadora de Gas del Sur ADR (TGS) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that TGS’s price is at present 20.50% off the SMA20 and 16.13% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 66.64, with weekly volatility standing at 3.96%. The indicator jumps to 6.02% when calculated based on the past 30 days. Transportadora de Gas del Sur ADR (NYSE:TGS)’s beta value is holding at 0.54, while the average true range (ATR) indicator is currently reading 0.76. Considering analysts have assigned the stock a price target range of $6.50-$10.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $8.25. Based on this estimate, we see that today’s price at last check is roughly 49.06% off the estimated low and 21.63% off the forecast high. Investors will no doubt be excited to see the share price rise to $8.25, which is the median consensus price, and at that level TGS would be 35.34% from recent price.

Turning out attention to how the Transportadora de Gas del Sur ADR stock has performed in comparison to its peers in the industry, here’s what we find: TGS’s stock is 21.99% on the day and 51.01% in the past 12 months. As for Transportadora de Gas del Sur ADR, the P/E ratio stands at 12.85 higher than that of Petroleo Brasileiro S/A ADR’s at 3.96. Elsewhere in the market, the S&P 500 Index has rallied 0.43% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.28%.

An analysis of the Transportadora de Gas del Sur ADR (NYSE:TGS) stock in terms of its daily trading volume indicates that the 3-month average is 157.23K. However, this figure increases on the past 10-day timeline to an average of 0.13 million.

Current records show that the company has 69.51M in outstanding shares. The insiders’ percentage holdings are 0.41% of outstanding shares while the percentage share held by institutions stands at 6.32%. The stats also highlight that short interest as of Oct 30, 2023, stood at 0.24 million shares, which puts the short ratio at the time at 0.72. From this we can glean that short interest is 0.10% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 0.16 million. But the 8.14% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.