Pampa Energia (NYSE:PAM) Shares Down 4.6% - What's Next?

Key Points

• Pampa Energia's stock price decreased by 4.6%, trading as low as $66.94 from a previous close of $70.49 during recent trading.
• Analysts have mixed ratings on Pampa Energia, with one upgrade to a "buy" and several hold ratings, leading to an average rating of "Hold" and a consensus price target of $85.83.
• The company reported a significant earnings miss, with earnings per share of $0.70, falling short of analysts' expectations of $2.35, and total revenue of $486 million against a forecast of $632 million.

Pampa Energia S.A. (NYSE:PAM - Get Free Report)'s stock price traded down 4.6% during mid-day trading on Monday . The company traded as low as $66.94 and last traded at $67.26. 163,171 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 230,003 shares. The stock had previously closed at $70.49.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup boosted 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 raised Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Finally, Zacks Research raised Pampa Energia from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $85.83.

Pampa Energia Stock Down 0.7%

The firm has a 50 day simple moving average of $72.30 and a two-hundred day simple moving average of $75.14. The company has a quick ratio of 2.33, a current ratio of 2.70 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $3.68 billion, a P/E ratio of 8.31, a PEG ratio of 4.38 and a beta of 1.15.

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 for the quarter, missing the consensus estimate of $2.35 by ($1.65). Pampa Energia had a return on equity of 13.01% and a net margin of 23.73%.The business had revenue of $486.00 million for the quarter, compared to the consensus estimate of $632.05 million. On average, equities research analysts expect that Pampa Energia S.A. will post 9.33 earnings per share for the current year.

Institutional Trading of Pampa Energia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new stake in Pampa Energia during the 4th quarter worth about $1,512,000. 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 valued at $101,868,000 after buying an additional 112,934 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Pampa Energia in the 1st quarter valued at about $459,000. Helikon Investments Ltd grew its stake in shares of Pampa Energia by 11.2% in 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. Finally, Banco BTG Pactual S.A. grew its stake in shares of Pampa Energia by 223.5% in the 1st quarter. Banco BTG Pactual S.A. now owns 16,500 shares of the utilities provider's stock valued at $1,274,000 after buying an additional 11,400 shares during the period. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.