Is Transportadora de Gas del Sur ADR (NYSE: TGS) Stock On Course For Another Boom Or Bust?

During the last session, Transportadora de Gas del Sur ADR (NYSE:TGS)’s traded shares were 0.3 million, with the beta value of the company hitting 0.72. At the end of the trading day, the stock’s price was $19.09, reflecting an intraday gain of 7.13% or $1.27. The 52-week high for the TGS share is $20.59, that puts it down -7.86 from that peak though still a striking 50.24% gain since the share price plummeted to a 52-week low of $9.50. The company’s market capitalization is $1.33B, and the average intraday trading volume over the past 10 days was 0.2 million shares, and the average trade volume was 182.24K shares over the past three months.

Transportadora de Gas del Sur ADR (NYSE:TGS) trade information

Transportadora de Gas del Sur ADR (TGS) registered a 7.13% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.13% in intraday trading to $19.09, hitting a weekly high. The stock’s 5-day price performance is 18.87%, and it has moved by 2.09% in 30 days. Based on these gigs, the overall price performance for the year is 60.83%. The short interest in Transportadora de Gas del Sur ADR (NYSE:TGS) is 0.61 million shares and it means that shorts have 4.98 day(s) to cover.

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Transportadora de Gas del Sur ADR (TGS) estimates and forecasts

Statistics show that Transportadora de Gas del Sur ADR has outperformed its competitors in share price, compared to the industry in which it operates. Transportadora de Gas del Sur ADR (TGS) shares have gone up 49.02% during the last six months, with a year-to-date growth rate more than the industry average at 23.33% against 2.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 136.80% this quarter and then jump 82.90% in the quarter after that. In the rating firms’ projections, revenue will decrease -22.90% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 197M as predicted by 1 analyst(s).

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -26.54%. While earnings are projected to return 9475.00% in 2024.

TGS Dividends

Transportadora de Gas del Sur ADR is due to release its next quarterly earnings 2024-May-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 8.55%.

Transportadora de Gas del Sur ADR (NYSE:TGS)’s Major holders

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The next largest institutional holding, with 1.07 million shares, is of OAKTREE CAPITAL MANAGEMENT LP’s that is approximately 0.7098% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $16.14 million.

Also, the Mutual Funds coming in first place with the largest holdings of Transportadora de Gas del Sur ADR (TGS) shares are Global X Fds-Global X MSCI Argentina ETF and Global Macro Capital Opportunities Portfolio . Data provided on Jun 30, 2024 indicates that Global X Fds-Global X MSCI Argentina ETF owns about 718.7 shares. This amounts to just over 0.92 percent of the company’s overall shares, with a $13.72 million market value. The same data shows that the other fund manager holds slightly less at 143.5, or about 0.18% of the stock, which is worth about $2.74 million.