Pampa Energía (NYSE:PAM) Trading Down 5.7% - Should You Sell?

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s share price traded down 5.7% during trading on Wednesday . The company traded as low as $72.20 and last traded at $72.29. 165,248 shares traded hands during trading, a decline of 34% from the average session volume of 251,871 shares. The stock had previously closed at $76.67.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Citigroup lifted their price objective on Pampa Energía from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen upgraded Pampa Energía from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

Pampa Energía Stock Down 0.6%

The firm has a fifty day simple moving average of $75.52 and a 200-day simple moving average of $81.28. The company has a market capitalization of $3.99 billion, a P/E ratio of 11.20 and a beta of 1.18. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44.

Pampa Energía (NYSE:PAM - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.89. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The company had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. On average, equities research analysts expect that Pampa Energía S.A. will post 9.33 EPS for the current fiscal year.

Institutional Investors Weigh In On Pampa Energía

Several large investors have recently modified their holdings of PAM. Advisors Preferred LLC acquired a new position in shares of Pampa Energía during the fourth quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Pampa Energía during the fourth quarter worth about $49,000. Blue Trust Inc. boosted its position in shares of Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after buying an additional 259 shares during the period. Compass Group LLC acquired a new position in shares of Pampa Energía during the fourth quarter worth about $152,000. Finally, Burns Matteson Capital Management LLC acquired a new position in shares of Pampa Energía during the first quarter worth about $186,000. 12.77% of the stock is currently owned by institutional investors.

Pampa Energía 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.