Pampa Energía S.A. (NYSE:PAM) Short Interest Update

Pampa Energía S.A. (NYSE:PAM - Get Free Report) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 292,200 shares, a drop of 18.7% from the December 15th total of 359,600 shares. Based on an average daily trading volume, of 279,100 shares, the short-interest ratio is presently 1.0 days. Approximately 0.5% of the company's stock are short sold.

Pampa Energía Stock Down 2.7 %

NYSE PAM traded down $2.48 during midday trading on Thursday, hitting $89.95. 98,453 shares of the company traded hands, compared to its average volume of 265,254. The company's 50-day simple moving average is $85.77 and its 200-day simple moving average is $65.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.41 and a quick ratio of 2.13. Pampa Energía has a 52 week low of $38.15 and a 52 week high of $97.55. The company has a market cap of $4.91 billion, a PE ratio of 13.84 and a beta of 0.94.

Pampa Energía (NYSE:PAM - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $2.70 EPS for the quarter, topping the consensus estimate of $1.75 by $0.95. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $517.71 million. Pampa Energía had a return on equity of 12.15% and a net margin of 19.86%. During the same quarter in the prior year, the firm posted $2.80 EPS. As a group, equities research analysts forecast that Pampa Energía will post 8.65 earnings per share for the current year.

Institutional Investors Weigh In On Pampa Energía

Hedge funds have recently modified their holdings of the company. TT International Asset Management LTD increased its stake in Pampa Energía by 250.9% during the 4th quarter. TT International Asset Management LTD now owns 1,206,603 shares of the utilities provider's stock worth $106,108,000 after buying an additional 862,723 shares during the period. Fourth Sail Capital LP purchased a new stake in shares of Pampa Energía in the third quarter valued at about $8,552,000. JPMorgan Chase & Co. increased its holdings in shares of Pampa Energía by 40.2% in the third quarter. JPMorgan Chase & Co. now owns 158,448 shares of the utilities provider's stock valued at $9,513,000 after purchasing an additional 45,409 shares during the period. Dorsey Wright & Associates raised its position in Pampa Energía by 12.1% in the third quarter. Dorsey Wright & Associates now owns 70,086 shares of the utilities provider's stock worth $4,208,000 after acquiring an additional 7,553 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Pampa Energía in the second quarter worth $950,000. Hedge funds and other institutional investors own 12.77% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on PAM shares. JPMorgan Chase & Co. lifted their target price on shares of Pampa Energía from $59.00 to $93.50 and gave the stock a "neutral" rating in a report on Friday, January 10th. Citigroup downgraded shares of Pampa Energía from a "buy" rating to a "neutral" rating and upped their target price for the stock from $58.00 to $75.00 in a report on Friday, November 1st. Finally, StockNews.com raised Pampa Energía from a "hold" rating to a "buy" rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Pampa Energía presently has an average rating of "Hold" and an average target price of $71.63.

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.