Pampa Energia S.A. (NYSE:PAM)’s stock price traded up 12.2% during trading on Thursday . The stock traded as high as $18.17 and last traded at $17.26, 1,660,500 shares traded hands during mid-day trading. An increase of 142% from the average session volume of 686,144 shares. The stock had previously closed at $15.38.
Several research analysts have commented on the company. Citigroup lowered Pampa Energia from a “buy” rating to a “neutral” rating in a research report on Monday, July 1st. Zacks Investment Research raised Pampa Energia from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Morgan Stanley lowered Pampa Energia from an “overweight” rating to an “equal weight” rating in a research report on Monday. TheStreet raised Pampa Energia from a “d+” rating to a “c” rating in a research report on Wednesday, June 26th. Finally, ValuEngine lowered Pampa Energia from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Pampa Energia has an average rating of “Hold” and a consensus price target of $37.00.
The firm has a market capitalization of $1.19 billion, a PE ratio of -11.28 and a beta of 0.60. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.34 and a quick ratio of 1.20. The stock has a 50-day moving average price of $32.31 and a 200-day moving average price of $29.51.
Several hedge funds and other institutional investors have recently made changes to their positions in PAM. James Investment Research Inc. increased its position in shares of Pampa Energia by 44.4% during the second quarter. James Investment Research Inc. now owns 1,300 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 400 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Pampa Energia during the second quarter worth about $49,000. Aperio Group LLC purchased a new stake in shares of Pampa Energia during the second quarter worth about $49,000. Bank of Montreal Can purchased a new stake in shares of Pampa Energia during the second quarter worth about $49,000. Finally, Pictet Asset Management Ltd. bought a new stake in Pampa Energia in the second quarter valued at about $105,000. 37.81% of the stock is currently owned by institutional investors and hedge funds.
About Pampa Energia (NYSE:PAM)
Pampa Energía SA, an integrated electricity company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Argentina. The company generates electricity through combined cycle gas-fired generating units, thermal generation plants, open-cycle gas turbines, and hydroelectric power generation systems, as well as through a wind farm.
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