Pampa Energia (NYSE:PAM) Trading Down 4.3% - Here's What Happened

Pampa Energia S.A. (NYSE:PAM - Get Free Report) was down 4.3% during mid-day trading on Wednesday . The stock traded as low as $71.49 and last traded at $71.60. Approximately 70,699 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 238,638 shares. The stock had previously closed at $74.83.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Pampa Energia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Citigroup raised their price objective on shares of 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 Trading Down 5.6%

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 cap of $3.85 billion, a P/E ratio of 7.67 and a beta of 1.13. The firm's 50-day simple moving average is $75.20 and its 200 day simple moving average is $79.05.

Pampa Energia (NYSE:PAM - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $2.81 EPS for the quarter, topping the consensus estimate of $1.92 by $0.89. Pampa Energia had a net margin of 26.73% and a return on equity of 15.29%. The firm had revenue of $414.00 million during the quarter, compared to analysts' expectations of $487.63 million. As a group, equities research analysts anticipate 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 have recently made changes to their positions in the stock. Advisors Preferred LLC lifted its stake in Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock valued at $58,000 after purchasing an additional 448 shares during the last quarter. Compass Group LLC acquired a new stake in Pampa Energia during the fourth quarter valued at approximately $152,000. Burns Matteson Capital Management LLC acquired a new stake in Pampa Energia during the first quarter valued at approximately $186,000. Virtu Financial LLC purchased a new stake in shares of Pampa Energia in the 4th quarter valued at approximately $209,000. Finally, Insigneo Advisory Services LLC purchased a new stake in shares of Pampa Energia in the 4th quarter valued at approximately $217,000. 12.77% of the stock is 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.

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