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

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

Analyst Ratings Changes

PAM has been the topic of several analyst reports. HSBC raised shares of Pampa Energía from a “reduce” rating to a “hold” rating and set a $46.00 target price on the stock in a report on Tuesday, May 21st. Citigroup raised shares of Pampa Energía from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $58.00 in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of Pampa Energía from $46.50 to $47.50 and gave the company a “neutral” rating in a research note on Tuesday, May 28th. Finally, StockNews.com upgraded shares of Pampa Energía from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Pampa Energía presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Pampa Energía Price Performance

The company has a debt-to-equity ratio of 0.45, a current ratio of 2.63 and a quick ratio of 2.26. The company’s 50 day moving average is $46.10 and its 200 day moving average is $45.44. The stock has a market cap of $2.43 billion, a price-to-earnings ratio of 5.71 and a beta of 0.99.

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

Hedge Funds Weigh In On Pampa Energía

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in Pampa Energía during the fourth quarter worth about $41,000. SPX Gestao de Recursos Ltda acquired a new position in Pampa Energía during the fourth quarter worth about $44,000. EverSource Wealth Advisors LLC acquired a new position in Pampa Energía during the first quarter worth about $52,000. Headlands Technologies LLC acquired a new position in Pampa Energía during the first quarter worth about $69,000. Finally, FNY Investment Advisers LLC acquired a new position in Pampa Energía during the fourth quarter worth about $99,000. Institutional investors and hedge funds own 12.77% of the company’s stock.

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.