Pampa Energia (NYSE:PAM) Shares Down 5.3% - Here's Why

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)'s share price dropped 5.3% during mid-day 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 Ratings Changes

Several equities research analysts have recently commented on the stock. 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 equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $92.75.

Pampa Energia Trading Up 11.2%

The company's 50-day moving average is $69.54 and its 200-day moving average is $73.24. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 5.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.33 and a current ratio of 2.70.

Pampa Energia (NYSE:PAM - Get Free Report) last released 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). Pampa Energia had a net margin of 23.73% and a return on equity of 13.01%. The business had revenue of $486.00 million for the quarter, compared to analyst estimates of $632.05 million. On average, research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Institutional Inflows and Outflows

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

About Pampa Energia

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.