Pampa Energía (NYSE:PAM) Shares Pass Above 200-Day Moving Average of $45.32

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $45.32 and traded as high as $52.24. Pampa Energía shares last traded at $51.97, with a volume of 73,182 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. HSBC raised Pampa Energía from a "reduce" rating to a "hold" rating and set a $46.00 price objective for the company in a research note on Tuesday, May 21st. StockNews.com upgraded shares of Pampa Energía from a "hold" rating to a "buy" rating in a research note on Monday, August 12th. Citigroup raised shares of Pampa Energía from a "neutral" rating to a "buy" rating and raised their price objective for the company from $51.00 to $58.00 in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Pampa Energía from $46.50 to $47.50 and gave the stock a "neutral" rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Pampa Energía has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Pampa Energía Stock Up 2.0 %

The business has a 50-day simple moving average of $47.17 and a 200-day simple moving average of $45.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.01 and a current ratio of 2.33. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 6.79 and a beta of 0.99.

Pampa Energía (NYSE:PAM - Get Free Report) last issued its earnings results on Wednesday, August 7th. The utilities provider reported $1.80 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.44. Pampa Energía had a net margin of 20.96% and a return on equity of 12.59%. The firm had revenue of $500.00 million for the quarter, compared to analysts' expectations of $479.17 million. On average, equities analysts anticipate that Pampa Energía S.A. will post 8.95 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new position in Pampa Energía in the second quarter valued at approximately $37,000. GAMMA Investing LLC acquired a new position in Pampa Energía in the fourth quarter valued at $41,000. SPX Gestao de Recursos Ltda purchased a new stake in shares of Pampa Energía in the 4th quarter valued at about $44,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Pampa Energía in the 1st quarter valued at about $52,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Pampa Energía in the 1st quarter valued at about $69,000. 12.77% of the stock is owned by institutional investors and hedge funds.

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.