Pampa Energia S.A. (NYSE:PAM - Get Free Report) dropped 4.3% during trading on Wednesday . The company traded as low as $71.49 and last traded at $71.60. Approximately 70,699 shares traded hands during trading, a decline of 70% from the average daily volume of 238,638 shares. The stock had previously closed at $74.83.
Wall Street Analysts Forecast Growth
PAM has been the topic of a number of research reports. Wall Street Zen raised shares of Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup raised their target price on shares of Pampa Energia from $88.00 to $92.00 and gave the company a "neutral" rating in a research report on Monday, May 19th.
Read Our Latest Stock Report on Pampa Energia
Pampa Energia Stock Down 2.9%
The business's 50 day moving average is $75.15 and its 200 day moving average is $78.68. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 7.44 and a beta of 1.13. 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 earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, topping analysts' consensus estimates of $1.92 by $0.89. The company had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. Sell-side analysts anticipate that Pampa Energia S.A. will post 9.33 earnings per share for the current year.
Institutional Trading of Pampa Energia
Institutional investors and hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in Pampa Energia during the 4th quarter valued at approximately $1,512,000. Whittier Trust Co. lifted its stake in Pampa Energia by 52.6% during the 4th quarter. Whittier Trust Co. now owns 22,986 shares of the utilities provider's stock valued at $2,021,000 after acquiring an additional 7,924 shares during the period. TT International Asset Management LTD lifted 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 acquiring an additional 112,934 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Pampa Energia during the 1st quarter valued at approximately $459,000. Finally, First Trust Advisors LP acquired a new stake in Pampa Energia during the 4th quarter valued at approximately $347,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.
About Pampa Energia
(
Get Free Report)
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.
Read More
Before you consider Pampa Energia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Pampa Energia wasn't on the list.
While Pampa Energia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
