Discovery Capital Management LLC CT Acquires 35,914 Shares of Pampa Energía S.A. (NYSE:PAM)

Discovery Capital Management LLC CT increased its stake in shares of Pampa Energía S.A. (NYSE:PAM - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 152,207 shares of the utilities provider's stock after acquiring an additional 35,914 shares during the period. Discovery Capital Management LLC CT owned 0.28% of Pampa Energía worth $13,385,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Advisors Preferred LLC acquired a new position in shares of Pampa Energía during the 4th quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Pampa Energía in the 4th quarter worth approximately $49,000. Blue Trust Inc. lifted its holdings in shares of Pampa Energía by 62.7% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the utilities provider's stock worth $59,000 after buying an additional 259 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Pampa Energía in the fourth quarter valued at approximately $209,000. Finally, QRG Capital Management Inc. bought a new position in Pampa Energía during the fourth quarter worth $210,000. 12.77% of the stock is owned by institutional investors.

Pampa Energía Stock Performance

Pampa Energía stock traded down $6.26 on Friday, hitting $68.49. The company's stock had a trading volume of 350,663 shares, compared to its average volume of 271,955. Pampa Energía S.A. has a one year low of $38.58 and a one year high of $97.55. The firm has a market cap of $3.74 billion, a P/E ratio of 10.54 and a beta of 0.92. The company has a quick ratio of 2.13, a current ratio of 2.41 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average price of $80.00 and a 200-day moving average price of $78.22.

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Pampa Energía (NYSE:PAM - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The utilities provider reported $1.90 earnings per share (EPS) for the quarter. Pampa Energía had a net margin of 19.86% and a return on equity of 12.15%. The firm had revenue of $435.00 million during the quarter, compared to analyst estimates of $454.61 million. On average, equities analysts anticipate that Pampa Energía S.A. will post 9.33 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $71.63.

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.