Pampa Energía (NYSE:PAM) Stock Price Down 6.3% - Here's What Happened

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

Analyst Upgrades and Downgrades

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

Pampa Energía Stock Down 4.4 %

The business has a 50-day simple moving average of $87.92 and a two-hundred day simple moving average of $71.38. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 11.86 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.

Hedge Funds Weigh In On Pampa Energía

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in Pampa Energía by 158.1% in the 3rd quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 253 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Pampa Energía in the 4th quarter valued at approximately $26,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Pampa Energía in the 4th quarter valued at approximately $49,000. GAMMA Investing LLC grew its position in Pampa Energía by 32.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,401 shares of the utilities provider's stock worth $84,000 after acquiring an additional 345 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in Pampa Energía by 26.6% during the 3rd 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. Institutional investors and hedge funds own 12.77% of the company's stock.

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.