Pampa Energía (NYSE:PAM) Reaches New 52-Week Low - Here's Why

Shares of Pampa Energía S.A. (NYSE:PAM - Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $70.35 and last traded at $71.10, with a volume of 204083 shares trading hands. The stock had previously closed at $73.53.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price target on Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Pampa Energía currently has an average rating of "Hold" and an average target price of $71.63.

Pampa Energía Trading Up 1.2 %

The company's fifty day moving average price is $75.65 and its two-hundred day moving average price is $79.87. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 10.94 and a beta of 0.94.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share for the quarter. The firm had revenue of $435.00 million during the quarter, compared to analysts' expectations of $454.61 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. Research analysts expect that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energía

A number of hedge funds have recently added to or reduced their stakes in the stock. TT International Asset Management LTD lifted its position in shares of Pampa Energía by 9.4% during the first quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock worth $101,868,000 after purchasing an additional 112,934 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Pampa Energía by 58.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider's stock worth $44,706,000 after buying an additional 188,114 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Pampa Energía by 167.1% in the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock valued at $37,212,000 after buying an additional 264,706 shares during the last quarter. Brevan Howard Capital Management LP increased its stake in shares of Pampa Energía by 27.0% in the 4th quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider's stock valued at $22,786,000 after buying an additional 54,923 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of Pampa Energía by 27.6% during the fourth quarter. William Blair Investment Management LLC now owns 200,078 shares of the utilities provider's stock worth $17,595,000 after acquiring an additional 43,257 shares during the last quarter. Institutional investors own 12.77% of the company's stock.

About Pampa Energía

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.