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

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Pampa Energía from $88.00 to $92.00 and gave the company a "neutral" rating in a research note on Monday, May 19th. Wall Street Zen raised Pampa Energía from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st.

Pampa Energía Trading Up 0.7%

The firm's fifty day simple moving average is $75.42 and its 200-day simple moving average is $81.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.13 and a current ratio of 2.41. The stock has a market cap of $4.04 billion, a P/E ratio of 11.41 and a beta of 1.18.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.89. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. The firm had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. 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 added to or reduced their stakes in PAM. Advisors Preferred LLC acquired a new position in Pampa Energía in the fourth quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Pampa Energía during the fourth quarter worth $49,000. Blue Trust Inc. grew its holdings in Pampa Energía by 62.7% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after purchasing an additional 259 shares during the period. Compass Group LLC acquired a new stake in Pampa Energía in the fourth quarter worth $152,000. Finally, Virtu Financial LLC bought a new stake in Pampa Energía in the fourth quarter valued at $209,000. Institutional investors and hedge funds 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.