Pampa Energia (NYSE:PAM) Shares Gap Down to $15.65

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Shares of Pampa Energia S.A. (NYSE:PAM) gapped down prior to trading on Friday . The stock had previously closed at $16.36, but opened at $15.65. Pampa Energia shares last traded at $14.03, with a volume of 2,096,969 shares.

PAM has been the subject of a number of analyst reports. Zacks Investment Research upgraded Pampa Energia from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Tuesday, October 1st. HSBC lowered Pampa Energia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Citigroup upgraded Pampa Energia from a “neutral” rating to a “buy” rating and cut their price target for the stock from $40.30 to $24.30 in a research note on Thursday, October 3rd. Morgan Stanley lowered Pampa Energia from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 12th. Finally, Bank of America lowered Pampa Energia from a “buy” rating to a “neutral” rating and cut their price target for the stock from $52.50 to $33.00 in a research note on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Pampa Energia has an average rating of “Buy” and an average price target of $32.08.

The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1.15 billion, a PE ratio of -9.17, a price-to-earnings-growth ratio of 0.19 and a beta of 0.98. The stock has a 50 day simple moving average of $16.27 and a 200-day simple moving average of $23.30.

Pampa Energia (NYSE:PAM) last issued its quarterly earnings results on Monday, August 12th. The utilities provider reported $2.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $1.25. Pampa Energia had a return on equity of 16.83% and a net margin of 16.83%. The business had revenue of $808.00 million during the quarter. On average, equities research analysts expect that Pampa Energia S.A. will post 4.13 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. James Investment Research Inc. boosted its holdings in shares of Pampa Energia by 44.4% during the 2nd quarter. James Investment Research Inc. now owns 1,300 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 400 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Pampa Energia during the 2nd quarter valued at about $49,000. Aperio Group LLC bought a new position in shares of Pampa Energia during the 2nd quarter valued at about $49,000. Bank of Montreal Can bought a new position in shares of Pampa Energia during the 2nd quarter valued at about $49,000. Finally, Pictet Asset Management Ltd. bought a new position in shares of Pampa Energia during the 2nd quarter valued at about $105,000. 43.41% of the stock is owned by institutional investors and hedge funds.

About Pampa Energia (NYSE:PAM)

Pampa EnergĂ­a SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.

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