Pampa Energia (NYSE:PAM) Trading 8.4% Higher - Still a Buy?

Pampa Energia S.A. (NYSE:PAM - Get Free Report) traded up 8.4% during trading on Tuesday . The company traded as high as $75.40 and last traded at $74.86. 371,457 shares changed hands during mid-day trading, an increase of 55% from the average session volume of 239,080 shares. The stock had previously closed at $69.06.

Analyst Upgrades and Downgrades

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

Pampa Energia Price Performance

The firm has a market cap of $3.86 billion, a PE ratio of 7.68 and a beta of 1.13. The firm has a fifty day simple moving average of $75.19 and a two-hundred day simple moving average of $78.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.82.

Pampa Energia (NYSE:PAM - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $2.81 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.89. The business had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. Pampa Energia had a return on equity of 15.29% and a net margin of 26.73%. Equities analysts predict that Pampa Energia S.A. will post 9.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Pampa Energia

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC boosted its holdings in shares of Pampa Energia by 158.9% in the 1st 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 period. Compass Group LLC purchased a new position in Pampa Energia during the 4th quarter valued at $152,000. Burns Matteson Capital Management LLC purchased a new position in Pampa Energia during the 1st quarter valued at $186,000. Virtu Financial LLC purchased a new position in Pampa Energia during the 4th quarter valued at $209,000. Finally, Insigneo Advisory Services LLC purchased a new position in Pampa Energia during the 4th quarter valued at $217,000. Hedge funds and other 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.