Pampa Energía (NYSE:PAM) Shares Down 6.3% – Time to Sell?

Pampa Energía S.A. (NYSE:PAM) fell 6.3% during mid-day trading on Friday . The stock traded as low as $80.35 and last traded at $80.83. 204,199 shares changed hands during trading, a decline of 31% from the average session volume of 294,988 shares. The stock had previously closed at $86.23.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PAM shares. JPMorgan Chase & Co. raised their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a “neutral” rating in a research note on Friday, January 10th. StockNews.com upgraded Pampa Energía from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup cut shares of Pampa Energía from a “buy” rating to a “neutral” rating and raised their target price for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Pampa Energía has an average rating of “Hold” and a consensus target price of $71.63.

Pampa Energía Trading Down 6.4 %

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 firm has a fifty day simple moving average of $88.35 and a two-hundred day simple moving average of $70.35. The firm has a market cap of $4.40 billion, a PE ratio of 12.41 and a beta of 0.92.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. increased 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 purchasing an additional 253 shares in the last quarter. Advisors Preferred LLC bought a new position in Pampa Energía during the 4th quarter valued at approximately $26,000. Stratos Wealth Partners LTD. raised its stake in Pampa Energía by 2.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 12,811 shares of the utilities provider’s stock valued at $1,127,000 after buying an additional 344 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Pampa Energía by 32.7% in the third quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider’s stock worth $84,000 after acquiring an additional 345 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 acquiring an additional 526 shares during the last quarter. 12.77% of the stock is owned by hedge funds and other 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.