Pampa Energía (NYSE:PAM) Shares Gap Down – Here’s Why

Pampa Energía S.A. (NYSE:PAM) shares gapped down before the market opened on Tuesday . The stock had previously closed at $80.82, but opened at $77.16. Pampa Energía shares last traded at $79.72, with a volume of 59,493 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PAM shares. JPMorgan Chase & Co. increased their price target on shares of Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. Citigroup cut Pampa Energía from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Pampa Energía Trading Up 0.4 %

The company has a market cap of $4.43 billion, a price-to-earnings ratio of 12.49 and a beta of 0.92. The company has a current ratio of 2.41, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average price is $87.37 and its 200-day moving average price is $72.37.

Institutional Investors Weigh In On Pampa Energía

Several hedge funds have recently bought and sold shares of PAM. TT International Asset Management LTD grew its position in shares of Pampa Energía by 250.9% in the fourth quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider’s stock valued at $106,108,000 after purchasing an additional 862,723 shares during the last quarter. Helikon Investments Ltd grew its holdings in Pampa Energía by 146.6% in the 3rd quarter. Helikon Investments Ltd now owns 1,319,415 shares of the utilities provider’s stock valued at $79,218,000 after buying an additional 784,407 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pampa Energía by 167.1% during the 4th quarter. JPMorgan Chase & Co. now owns 423,154 shares of the utilities provider’s stock worth $37,212,000 after buying an additional 264,706 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Pampa Energía by 58.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 508,375 shares of the utilities provider’s stock worth $44,706,000 after buying an additional 188,114 shares during the period. Finally, Fourth Sail Capital LP acquired a new stake in shares of Pampa Energía during the third quarter worth $8,552,000. 12.77% of the stock is currently owned by institutional investors and hedge funds.

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.