Pampa Energia (NYSE:PAM) Trading Up 8.4% - Here's What Happened

Pampa Energia S.A. (NYSE:PAM - Get Free Report)'s share price was up 8.4% on Tuesday . The stock traded as high as $75.40 and last traded at $74.86. Approximately 371,457 shares traded hands 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PAM shares. Wall Street Zen upgraded Pampa Energia from a "hold" rating to a "buy" rating in a research note on Wednesday, May 21st. Citigroup upped their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a research note on Monday, May 19th.

Pampa Energia Price Performance

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 company has a market cap of $3.99 billion, a PE ratio of 7.93 and a beta of 1.13. The firm has a 50 day moving average of $75.20 and a two-hundred day moving average of $79.05.

Pampa Energia (NYSE:PAM - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $487.63 million. Research analysts predict that Pampa Energia S.A. will post 9.33 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energia

Several institutional investors have recently added to or reduced their stakes in the business. TT International Asset Management LTD boosted its stake in Pampa Energia by 9.4% during the 1st quarter. TT International Asset Management LTD now owns 1,319,537 shares of the utilities provider's stock valued at $101,868,000 after purchasing an additional 112,934 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Pampa Energia by 9.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 557,474 shares of the utilities provider's stock valued at $43,037,000 after buying an additional 49,099 shares during the period. Helikon Investments Ltd lifted its holdings in shares of Pampa Energia by 11.2% during the 1st quarter. Helikon Investments Ltd now owns 492,578 shares of the utilities provider's stock valued at $38,027,000 after buying an additional 49,709 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Pampa Energia by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider's stock valued at $37,212,000 after buying an additional 264,706 shares during the period. Finally, Brevan Howard Capital Management LP lifted its holdings in shares of Pampa Energia by 27.0% during the 4th quarter. Brevan Howard Capital Management LP now owns 258,348 shares of the utilities provider's stock valued at $22,786,000 after buying an additional 54,923 shares during the period. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.