Pampa Energia (NYSE:PAM) Trading Down 5.3% - Time to Sell?

Key Points

• Pampa Energia's shares fell 5.3% during mid-day trading, reaching a low of $57.11, with trading volume increasing by 68% compared to its average daily volume.
• Analysts have upgraded their ratings for Pampa Energia, with a consensus rating of "Hold" and an average price target of $92.75.
• The company reported a significant miss in earnings per share for the last quarter, with a net loss of $1.65 per share against a forecast of $2.35.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) shares were down 5.3% during trading on Thursday . The stock traded as low as $57.11 and last traded at $56.89. Approximately 426,444 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 253,394 shares. The stock had previously closed at $60.06.

Analyst Upgrades and Downgrades

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

Pampa Energia Stock Performance

The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 5.22 and a beta of 1.16. The company has a 50 day simple moving average of $69.68 and a 200-day simple moving average of $73.35. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings data 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). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The company had revenue of $486.00 million for the quarter, compared to the consensus estimate of $632.05 million. As a group, equities research analysts expect that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Institutional Trading of Pampa Energia

A number of hedge funds and other institutional investors have recently bought and sold shares of PAM. Wellington Management Group LLP bought a new position in Pampa Energia in the 4th quarter valued at about $1,512,000. Cubist Systematic Strategies LLC purchased a new position in Pampa Energia during the 1st quarter worth $3,460,000. TT International Asset Management LTD grew its stake in shares of Pampa Energia by 9.4% in the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock worth $101,868,000 after acquiring an additional 112,934 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Pampa Energia in the first quarter valued at about $459,000. Finally, Banco BTG Pactual S.A. lifted its position in shares of Pampa Energia by 223.5% during the first quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock valued at $1,274,000 after purchasing an additional 11,400 shares in the last quarter. Institutional investors own 12.77% of the company's stock.

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.