Pampa Energía (NYSE:PAM) Stock Price Passes Above Two Hundred Day Moving Average of $45.06

Pampa Energía S.A. (NYSE:PAM - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $45.06 and traded as high as $53.91. Pampa Energía shares last traded at $52.60, with a volume of 180,887 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PAM shares. JPMorgan Chase & Co. raised their price target on Pampa Energía from $46.50 to $47.50 and gave the stock 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 on the stock in a research note on Tuesday, May 21st. Citigroup raised shares of Pampa Energía from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $58.00 in a research report on Wednesday, July 3rd. Finally, StockNews.com raised shares of Pampa Energía from a "hold" rating to a "buy" rating in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Pampa Energía currently has an average rating of "Moderate Buy" and an average target price of $50.50.

Pampa Energía Stock Performance

The company's 50-day simple moving average is $46.47 and its 200-day simple moving average is $45.11. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 6.61 and a beta of 0.99. The company has a current ratio of 2.33, a quick ratio of 2.01 and a debt-to-equity ratio of 0.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Claro Advisors LLC raised its holdings in shares of Pampa Energía by 6.0% in the first quarter. Claro Advisors LLC now owns 5,075 shares of the utilities provider's stock valued at $219,000 after purchasing an additional 286 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Pampa Energía by 1.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 23,308 shares of the utilities provider's stock worth $1,032,000 after buying an additional 398 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Pampa Energía in the 2nd quarter worth approximately $37,000. GAMMA Investing LLC purchased a new position in shares of Pampa Energía in the 4th quarter worth approximately $41,000. Finally, SPX Gestao de Recursos Ltda bought a new position in shares of Pampa Energía in the fourth quarter valued at approximately $44,000. Institutional investors 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.