Pampa Energía S.A. (NYSE:PAM – Get Free Report)’s stock price fell 4.7% on Thursday . The company traded as low as $43.44 and last traded at $43.45. 131,605 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 279,505 shares. The stock had previously closed at $45.59.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Citigroup cut their price target on Pampa Energía from $55.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 17th. JPMorgan Chase & Co. upped their target price on Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 price target for the company in a research report on Tuesday, May 21st. Finally, StockNews.com cut shares of Pampa Energía from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Pampa Energía currently has an average rating of “Hold” and a consensus price target of $48.17.
Pampa Energía Stock Performance
The company has a current ratio of 2.63, a quick ratio of 2.26 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average is $46.02 and its two-hundred day moving average is $45.70. The stock has a market capitalization of $2.38 billion, a P/E ratio of 5.60 and a beta of 1.12.
Pampa Energía (NYSE:PAM – Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $4.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $3.52. Pampa Energía had a return on equity of 14.99% and a net margin of 25.16%. The company had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $419.61 million. As a group, sell-side analysts anticipate that Pampa Energía S.A. will post 7.91 EPS for the current fiscal year.
Hedge Funds Weigh In On Pampa Energía
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Helikon Investments Ltd lifted its holdings in Pampa Energía by 32.0% in the 4th quarter. Helikon Investments Ltd now owns 622,566 shares of the utilities provider’s stock valued at $30,829,000 after acquiring an additional 151,000 shares during the last quarter. Quadrature Capital Ltd lifted its stake in Pampa Energía by 219.6% during the third quarter. Quadrature Capital Ltd now owns 56,662 shares of the utilities provider’s stock valued at $2,114,000 after purchasing an additional 38,934 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Pampa Energía by 62.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 143,890 shares of the utilities provider’s stock worth $7,125,000 after buying an additional 55,187 shares in the last quarter. Dfpg Investments LLC grew its position in Pampa Energía by 5.7% in the fourth quarter. Dfpg Investments LLC now owns 14,194 shares of the utilities provider’s stock worth $688,000 after buying an additional 767 shares during the last quarter. Finally, Claro Advisors LLC bought a new position in shares of Pampa Energía in the fourth quarter valued at $237,000. 12.77% of the stock is owned by institutional investors.
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.