Pampa Energia (NYSE:PAM) Trading Up 5.8% – Here’s Why

Pampa Energia S.A. (NYSE:PAM) was up 5.8% during mid-day trading on Monday . The stock traded as high as $90.30 and last traded at $90.7850. Approximately 431,340 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 286,384 shares. The stock had previously closed at $85.80.

Wall Street Analysts Forecast Growth

PAM has been the topic of a number of research analyst reports. Citigroup upgraded Pampa Energia from a “neutral” rating to a “buy” rating and set a $113.00 target price on the stock in a report on Monday. Wall Street Zen downgraded shares of Pampa Energia from a “hold” rating to a “sell” rating in a research note on Sunday, October 26th. Zacks Research cut shares of Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Pampa Energia in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.25.

Pampa Energia Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 2.70 and a quick ratio of 2.33. The stock has a market capitalization of $4.85 billion, a PE ratio of 10.96, a P/E/G ratio of 7.57 and a beta of 1.10. The company has a 50-day moving average of $64.65 and a two-hundred day moving average of $71.18.

Pampa Energia (NYSE:PAM) last issued its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 EPS for the quarter, missing the consensus estimate of $2.35 by ($1.65). The firm had revenue of $486.00 million during the quarter, compared to analyst estimates of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. Sell-side analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new position in shares of Pampa Energia in the first quarter worth $3,460,000. Acadian Asset Management LLC acquired a new stake in Pampa Energia during the first quarter worth about $1,164,000. Hsbc Holdings PLC increased its holdings in Pampa Energia by 16.7% in the 1st quarter. Hsbc Holdings PLC now owns 35,549 shares of the utilities provider’s stock valued at $2,754,000 after buying an additional 5,088 shares during the period. William Blair Investment Management LLC increased its holdings in Pampa Energia by 6.5% in the 2nd quarter. William Blair Investment Management LLC now owns 89,640 shares of the utilities provider’s stock valued at $6,219,000 after buying an additional 5,450 shares during the period. Finally, Banco BTG Pactual S.A. raised its position in shares of Pampa Energia by 223.5% in the 1st quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider’s stock valued at $1,274,000 after buying an additional 11,400 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors.

Pampa Energia Company Profile

Pampa Energía SA operates as an integrated power company in Argentina. The company operates through Electricity Generation, Oil and Gas, Petrochemicals, and Holding and Other Business segments. It generates electricity through thermal plants, hydroelectric plants, and wind farms with a 5,332 megawatt (MW) installed capacity.