Pampa Energia (NYSE:PAM) Trading 9.7% Higher

Pampa Energia S.A. (NYSE:PAM)’s stock price traded up 9.7% during trading on Friday . The company traded as high as $35.50 and last traded at $35.12, 1,034,800 shares traded hands during mid-day trading. An increase of 67% from the average session volume of 618,440 shares. The stock had previously closed at $32.01.

Several equities analysts have commented on PAM shares. Zacks Investment Research downgraded Pampa Energia from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Citigroup downgraded Pampa Energia from a “buy” rating to a “neutral” rating in a report on Monday, July 1st. ValuEngine downgraded Pampa Energia from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, TheStreet upgraded Pampa Energia from a “d+” rating to a “c” rating in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $42.50.

The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.20 and a current ratio of 1.34. The business’s fifty day moving average is $33.55. The company has a market cap of $2.30 billion, a P/E ratio of -22.95 and a beta of 0.60.

Pampa Energia (NYSE:PAM) last announced its quarterly earnings results on Friday, May 10th. The utilities provider reported $1.95 EPS for the quarter, beating the consensus estimate of ($1.01) by $2.96. Pampa Energia had a negative return on equity of 6.38% and a net margin of 0.88%. The company had revenue of $687.62 million for the quarter. Sell-side analysts predict that Pampa Energia S.A. will post 2.64 earnings per share for the current year.

A number of hedge funds have recently made changes to their positions in PAM. James Investment Research Inc. grew its stake in shares of Pampa Energia by 44.4% in 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 acquired a new stake in shares of Pampa Energia in the second quarter worth $49,000. Aperio Group LLC acquired a new stake in shares of Pampa Energia in the second quarter worth $49,000. Bank of Montreal Can acquired a new stake in shares of Pampa Energia in the second quarter worth $49,000. Finally, Virtu Financial LLC acquired a new stake in shares of Pampa Energia in the first quarter worth $213,000. Institutional investors own 37.70% of the company’s stock.

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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