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

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

Analysts Set New Price Targets

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

Pampa Energía Stock Up 3.5 %

The company has a market capitalization of $2.44 billion, a PE ratio of 5.86 and a beta of 0.99. 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 firm has a 50-day moving average of $46.06 and a two-hundred day moving average of $45.45.

Pampa Energía (NYSE:PAM) last issued its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, topping the consensus estimate of $1.38 by $3.52. The company had revenue of $401.00 million during the quarter, compared to analyst estimates of $419.61 million. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. Equities research analysts predict that Pampa Energía S.A. will post 7.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Pampa Energía during the fourth quarter worth $41,000. SPX Gestao de Recursos Ltda purchased a new position in shares of Pampa Energía during the fourth quarter worth $44,000. EverSource Wealth Advisors LLC purchased a new position in shares of Pampa Energía during the first quarter worth $52,000. Headlands Technologies LLC purchased a new position in shares of Pampa Energía during the first quarter worth $69,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Pampa Energía during the fourth quarter worth $99,000. 12.77% of the stock is currently owned by hedge funds and other institutional investors.

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.