Pampa Energia (NYSE:PAM) Reaches New 1-Year Low - Should You Sell?

Key Points

• Pampa Energia (NYSE:PAM) hit a new 1-year low at $54.95 during trading, closing at $56.80 with notable trading volume of 412,665 shares.
• Analysts have upgraded Pampa Energia's stock rating from "strong sell" to "hold", with a consensus target price of $92.75.
• The company reported disappointing earnings of $0.70 EPS, falling short of estimates of $2.35, alongside revenue of $486 million compared to a forecast of $632 million.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $54.95 and last traded at $56.80, with a volume of 412665 shares changing hands. The stock had previously closed at $56.55.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PAM shares. Zacks Research upgraded shares of Pampa Energia from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen upgraded shares of Pampa Energia from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $92.75.

Pampa Energia Stock Up 1.8%

The stock has a market cap of $3.28 billion, a P/E ratio of 7.09, a PEG ratio of 5.45 and a beta of 1.16. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The business has a 50-day simple moving average of $69.91 and a 200-day simple moving average of $73.54.

Pampa Energia (NYSE:PAM - Get Free Report) last announced its earnings results on Wednesday, August 6th. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.35 by ($1.65). The company had revenue of $486.00 million for the quarter, compared to the consensus estimate of $632.05 million. Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%. Analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Marex Group plc acquired a new position in shares of Pampa Energia in the second quarter valued at $1,449,000. MML Investors Services LLC acquired a new position in Pampa Energia during the second quarter worth $982,000. Cubist Systematic Strategies LLC raised its stake in Pampa Energia by 30.7% during the second quarter. Cubist Systematic Strategies LLC now owns 58,577 shares of the utilities provider's stock worth $4,064,000 after acquiring an additional 13,757 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in Pampa Energia during the second quarter worth $2,768,000. Finally, Balyasny Asset Management L.P. raised its stake in Pampa Energia by 11.6% during the second quarter. Balyasny Asset Management L.P. now owns 103,216 shares of the utilities provider's stock worth $7,161,000 after acquiring an additional 10,703 shares in the last quarter. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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