Pampa Energía (NYSE:PAM) Sees Unusually-High Trading Volume – Here’s Why

Pampa Energía S.A. (NYSE:PAM) saw an uptick in trading volume on Tuesday . 393,403 shares changed hands during trading, an increase of 50% from the previous session’s volume of 261,451 shares.The stock last traded at $87.25 and had previously closed at $86.01.

Wall Street Analyst Weigh In

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

Pampa Energía Price Performance

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 stock has a 50 day simple moving average of $87.41 and a 200-day simple moving average of $67.47. The firm has a market cap of $4.72 billion, a PE ratio of 13.32 and a beta of 0.94.

Pampa Energía (NYSE:PAM) last issued its earnings results on Wednesday, November 6th. The utilities provider reported $2.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.95. The company had revenue of $540.00 million for the quarter, compared to the consensus estimate of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter last year, the company earned $2.80 EPS. Equities analysts anticipate that Pampa Energía S.A. will post 8.96 earnings per share for the current fiscal year.

Institutional Trading of Pampa Energía

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAM. Blue Trust Inc. grew its stake in shares of 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 last quarter. GAMMA Investing LLC boosted its holdings in Pampa Energía by 32.7% during the 3rd 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 period. EverSource Wealth Advisors LLC grew its position in Pampa Energía by 89.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,239 shares of the utilities provider’s stock valued at $102,000 after acquiring an additional 1,059 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Pampa Energía by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 2,501 shares of the utilities provider’s stock worth $150,000 after purchasing an additional 526 shares during the period. Finally, PFG Investments LLC bought a new stake in shares of Pampa Energía during the fourth quarter worth $226,000. 12.77% of the stock is 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.