Pampa Energía (NYSE:PAM) Shares Down 6.3% – Here’s What Happened

Pampa Energía S.A. (NYSE:PAM)’s stock price traded down 6.3% on Friday . The stock traded as low as $80.35 and last traded at $80.83. 204,199 shares were traded during mid-day trading, a decline of 31% from the average session volume of 294,988 shares. The stock had previously closed at $86.23.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PAM. StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a “neutral” rating in a report on Friday, January 10th. Finally, Citigroup lowered shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their target price for the company from $58.00 to $75.00 in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $71.63.

Pampa Energía Stock Performance

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The company’s fifty day moving average price is $88.35 and its 200 day moving average price is $70.35. The company has a market cap of $4.40 billion, a PE ratio of 12.41 and a beta of 0.92.

Pampa Energía (NYSE:PAM) last announced its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. During the same quarter in the previous year, the firm posted $2.80 earnings per share. On average, equities research analysts predict that Pampa Energía S.A. will post 8.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider’s stock valued at $25,000 after buying an additional 253 shares during the period. Advisors Preferred LLC purchased a new stake in shares of Pampa Energía during the 4th quarter valued at $26,000. Stratos Wealth Partners LTD. grew its position in Pampa Energía by 2.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider’s stock worth $1,127,000 after acquiring an additional 344 shares in the last quarter. GAMMA Investing LLC increased its stake in Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock valued at $84,000 after acquiring an additional 345 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in Pampa Energía by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 526 shares in the last quarter. Hedge funds and other institutional investors own 12.77% of the company’s stock.

Pampa Energía 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.