Pampa Energía (NYSE:PAM) Shares Gap Down - Here's Why

Pampa Energía S.A. (NYSE:PAM - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $80.82, but opened at $77.16. Pampa Energía shares last traded at $79.72, with a volume of 59,493 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Pampa Energía from $59.00 to $93.50 and gave the company a "neutral" rating in a report on Friday, January 10th. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. Finally, Citigroup lowered Pampa Energía from a "buy" rating to a "neutral" rating and upped their price objective for the company from $58.00 to $75.00 in a report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $71.63.

Pampa Energía Stock Performance

The firm has a market capitalization of $4.39 billion, a PE ratio of 12.38 and a beta of 0.92. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. The firm has a fifty day moving average price of $86.72 and a 200 day moving average price of $73.02.

Institutional Investors Weigh In On Pampa Energía

Several hedge funds have recently modified their holdings of PAM. Blue Trust Inc. lifted its holdings in shares of Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 253 shares during the last quarter. Advisors Preferred LLC purchased a new stake in Pampa Energía in the 4th quarter worth about $26,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Pampa Energía in the 4th quarter worth about $49,000. Compass Group LLC purchased a new stake in Pampa Energía in the 4th quarter worth about $152,000. Finally, Virtu Financial LLC purchased a new stake in Pampa Energía in the 4th quarter worth about $209,000. 12.77% of the stock is owned by hedge funds and other institutional investors.

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.