Pampa Energía (NYSE:PAM) Stock Price Up 6.7%

Pampa Energía S.A. (NYSE:PAM)’s stock price rose 6.7% during mid-day trading on Wednesday . The stock traded as high as $46.30 and last traded at $46.19. Approximately 53,010 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 276,454 shares. The stock had previously closed at $43.28.

Analyst Ratings Changes

PAM has been the topic of several research reports. HSBC raised Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price on the stock in a research report on Tuesday, May 21st. Citigroup raised Pampa Energía from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $58.00 in a research report on Wednesday. JPMorgan Chase & Co. raised their target price on Pampa Energía from $46.50 to $47.50 and gave the stock a “neutral” rating in a research report on Tuesday, May 28th. Finally, StockNews.com cut Pampa Energía from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

Pampa Energía Price Performance

The firm has a 50 day moving average price of $46.06 and a 200 day moving average price of $45.45. The company has a quick ratio of 2.26, a current ratio of 2.63 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.44 billion, a P/E ratio of 5.86 and a beta of 0.99.

Pampa Energía (NYSE:PAM) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 EPS for the quarter, topping the consensus estimate of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $419.61 million. On average, analysts forecast that Pampa Energía S.A. will post 7.91 EPS for the current fiscal year.

Institutional Trading of Pampa Energía

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAM. GAMMA Investing LLC bought a new stake in Pampa Energía during the 4th quarter valued at approximately $41,000. SPX Gestao de Recursos Ltda purchased a new position in Pampa Energía during the 4th quarter valued at approximately $44,000. EverSource Wealth Advisors LLC purchased a new position in Pampa Energía during the 1st quarter valued at approximately $52,000. Headlands Technologies LLC purchased a new position in Pampa Energía during the 1st quarter valued at approximately $69,000. Finally, FNY Investment Advisers LLC purchased a new position in Pampa Energía during the 4th quarter valued at approximately $99,000. Institutional investors own 12.77% of the company’s stock.

About Pampa Energía

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.