Short Interest in Pampa Energia S.A. (NYSE:PAM) Rises By 78.9%

Key Points

• Pampa Energia S.A. experienced a 78.9% increase in short interest during July, rising from 205,000 shares to 366,800 shares.
• The company's earnings per share (EPS) of $2.81 exceeded analysts' estimates of $1.92, despite reported revenue falling short of expectations at $414 million.
• Brokerages have upgraded the stock, with Wall Street Zen raising it from a "hold" to a "buy" rating and Citigroup increasing its price target from $88 to $92.

Pampa Energia S.A. (NYSE:PAM - Get Free Report) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 366,800 shares, agrowthof78.9% from the June 30th total of 205,000 shares. Based on an average daily volume of 187,900 shares, the short-interest ratio is presently 2.0 days. Currently,0.7% of the company's stock are sold short. Currently,0.7% of the company's stock are sold short. Based on an average daily volume of 187,900 shares, the short-interest ratio is presently 2.0 days.

Pampa Energia Price Performance

Shares of NYSE PAM opened at $77.41 on Wednesday. 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 company has a market cap of $4.22 billion, a PE ratio of 8.40 and a beta of 1.15. The business has a 50-day simple moving average of $73.14 and a two-hundred day simple moving average of $76.63. Pampa Energia has a fifty-two week low of $41.96 and a fifty-two week high of $97.55.

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. Pampa Energia had a return on equity of 15.29% and a net margin of 26.73%. The firm had revenue of $414.00 million during the quarter, compared to the consensus estimate of $487.63 million. As a group, equities analysts expect that Pampa Energia will post 9.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PAM. Wall Street Zen raised Pampa Energia from a "hold" rating to a "buy" rating in a report on Wednesday, May 21st. Citigroup raised their price target on Pampa Energia from $88.00 to $92.00 and gave the stock a "neutral" rating in a report on Monday, May 19th.

Institutional Investors Weigh In On Pampa Energia

A number of institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of Pampa Energia by 8.2% during the fourth quarter. LPL Financial LLC now owns 3,879 shares of the utilities provider's stock worth $341,000 after purchasing an additional 293 shares during the period. Advisors Preferred LLC lifted its holdings in shares of Pampa Energia by 158.9% during the first quarter. Advisors Preferred LLC now owns 730 shares of the utilities provider's stock worth $58,000 after purchasing an additional 448 shares during the period. Two Sigma Investments LP lifted its holdings in shares of Pampa Energia by 0.6% during the fourth quarter. Two Sigma Investments LP now owns 80,034 shares of the utilities provider's stock worth $7,038,000 after purchasing an additional 473 shares during the period. LWM Advisory Services LLC lifted its holdings in shares of Pampa Energia by 11.7% during the first quarter. LWM Advisory Services LLC now owns 5,291 shares of the utilities provider's stock worth $408,000 after purchasing an additional 555 shares during the period. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Pampa Energia during the second quarter worth about $51,000. Institutional investors and hedge funds own 12.77% of the company's stock.

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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