Shares of Pampa Energia S.A. (NYSE:PAM - Get Free Report) rose 8.4% during mid-day trading on Tuesday . The company traded as high as $75.40 and last traded at $74.86. Approximately 371,457 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 239,080 shares. The stock had previously closed at $69.06.
Analyst Ratings Changes
Several equities analysts have weighed in on PAM shares. Citigroup raised their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research report on Monday, May 19th. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st.
Read Our Latest Research Report on Pampa Energia
Pampa Energia Price Performance
The company's 50 day simple moving average is $75.19 and its 200 day simple moving average is $78.99. The company has a current ratio of 1.82, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $3.85 billion, a PE ratio of 7.67 and a beta of 1.13.
Pampa Energia (NYSE:PAM - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating analysts' consensus estimates of $1.92 by $0.89. Pampa Energia had a return on equity of 15.29% and a net margin of 26.73%. The business had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. On average, equities analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC increased its position in Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the last quarter. Compass Group LLC acquired a new stake in shares of Pampa Energia during the 4th quarter worth $152,000. Virtu Financial LLC purchased a new position in shares of Pampa Energia in the 4th quarter worth $209,000. Burns Matteson Capital Management LLC acquired a new position in Pampa Energia in the first quarter valued at $186,000. Finally, Insigneo Advisory Services LLC purchased a new stake in Pampa Energia during the fourth quarter valued at about $217,000. Institutional investors and hedge funds own 12.77% of the company's stock.
About Pampa Energia
(
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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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