Shares of Pampa Energía S.A. (NYSE:PAM - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $80.66, but opened at $77.89. Pampa Energía shares last traded at $76.43, with a volume of 45,035 shares.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on PAM shares. JPMorgan Chase & Co. increased their price target on Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a research report on Friday, January 10th. StockNews.com upgraded Pampa Energía from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Finally, Citigroup downgraded Pampa Energía from a "buy" rating to a "neutral" rating and raised their target price for the company from $58.00 to $75.00 in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $71.63.
Check Out Our Latest Research Report on PAM
Pampa Energía Stock Performance
The firm has a market cap of $4.41 billion, a PE ratio of 12.44 and a beta of 0.92. The firm has a 50-day moving average price of $87.77 and a two-hundred day moving average price of $71.43. 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
A number of institutional investors have recently added to or reduced their stakes in PAM. Blue Trust Inc. lifted its position in Pampa Energía by 158.1% during the third quarter. Blue Trust Inc. now owns 413 shares of the utilities provider's stock worth $25,000 after buying an additional 253 shares in the last quarter. Advisors Preferred LLC acquired a new stake in Pampa Energía during the fourth quarter worth $26,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Pampa Energía during the fourth quarter worth $49,000. Whittier Trust Co. of Nevada Inc. increased its stake in Pampa Energía by 26.6% during the third 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. Finally, Compass Group LLC acquired a new stake in shares of Pampa Energía in the fourth quarter valued at $152,000. Hedge funds and other institutional investors own 12.77% of the company's stock.
About Pampa Energía
(
Get Free Report)
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.
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