Pampa Energia (NYSE:PAM) Stock Price Down 4.3% - What's Next?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Citigroup upped their price objective 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 note on Wednesday, May 21st.

Pampa Energia Trading Down 2.9%

The company has a 50 day moving average price of $75.15 and a two-hundred day moving average price of $78.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.82. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 7.44 and a beta of 1.13.

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

Institutional Trading of Pampa Energia

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

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.